The indicator plots ICT displacement candles on the price chart and can switch to retracement scanning. Displacement requires a move larger than a set share of the 14-bar average high-low range, lasting at least a chosen number of bars, with optional close, pr
Indicator · Pine Script v4 · On the chart
Range Candles
Plots custom-colored candlesticks directly over the price chart.
GitHub stars948on the repository
Pine versionv4older, still runs
Lines of code19
Settings2inputs
LicenceGPL-3.0
Last update10 days ago18 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
19 lines of Pine Script v4 from highlighters/range_candles.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// Copyright (c) 2020-present, Alex Orekhov (everget)
// Range Candles script may be freely distributed under the terms of the GPL-3.0 license.
study("Range Candles", overlay=true)
var color bullColor = input(title="Bull Color", defval=#26a69a)
var color bearColor = input(title="Bear Color", defval=#ef5350)
candleColor = close >= open ? bullColor : bearColor
plotcandle(
open,
high,
low,
close,
title="",
color=candleColor,
bordercolor=candleColor,
wickcolor=candleColor
)
Overview
Range Candles determines the direction of each bar by comparing the close price to the open price and colors the candle bodies, borders, and wicks accordingly. The user inputs allow customization of the bullish and bearish colors. It does not calculate technical signals or trigger trade alerts.
- Candlestick overlay plotting
- Custom bullish candle coloring
- Custom bearish candle coloring
- Unified body, border, and wick color management
Details
Published by
everget on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Topics
pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bull Color | color | #26a69a | bullColor |
| Bear Color | color | #ef5350 | bearColor |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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