CODEWITHSUNDEEP
pine-script
DarkSideOfTheMoon83
DarkSideOfTheMoon83

Reputation: 712

TradingView price change percentage calculation

I wonder how the price increase/decrease in being calculated on TradingView? We have open and close price but the price difference (left arrow) seems not to be correct neither is percentage (right arrow)

difference = open - close

which results in -0.0009 but TradingView calculates -0.0005

Also percentage seems to be different:

difference = ((open - close) / open) * 100

Which results in -0.39% but TradingView shows -0.22%

How TradingView is calculating the price difference?

enter image description here

Upvotes: 0

Views: 533

Answers (1)

vitruvius
vitruvius

Reputation: 21139

What you are seeing is change. You should compare the previous close with the current price.

//@version=5
indicator("My script")

price_change = close - close[1]
per_change = (close-close[1]) / close[1] * 100

plot(price_change, color=color.blue)
plot(per_change, color=color.white)
plot(close - open, color=color.red)     // This is how you do it which is not how Tradingview calculates it

enter image description here

Upvotes: 1

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