Candle State (The Strat)

This script identifies the 2 different Candle States for use in #TheStrat.

Candle Up - The close of the current candle is greater than the close of the previous candle.
Candle Down - The close of the current candle is less than the close of the previous candle.

Though this script is extremely simple it is a teaching aid for #TheStrat.
The script also assists in the identification of up and down candles with gaps where the color of candle will not always match the Candle State.

Analysis of the candle types can help you define actionable signals and draw broadening formations.

Disclaimer: All scripts from this account are for informational purposes only and do not produce buy or sell recommendations.

© 2020 Crinklebine

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Implemented to the correct logic to be compliant with #TheStrat guides.

The source is open and viewable for review, critic and for you to extend or change.

Disclaimer: All scripts from this account are for informational purposes only and do not produce buy or sell recommendations.

© 2020 Crinklebine

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Removed version label