I would like to introduce you decision point boxes study. The idea is the same as the pivots looking left and right some count of candles that has to be either up or down candle the only difference from pivots is that I'm only looking for consecutive up or down candle and in between them one candle that is oposite stance than surounding also candle has to have by default 50% or greater of wicks than body which mean market has done some decission at this candle.
Example of up candles and decision down candle:
Example of down candles a decision up candle:
Hope you will enjoy it
Notes de version
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added option to extend boxes only those which are untouched by price action
Great work. Could you make multitime frame ? So the 4H boxes shows on the 15m chart e.g. ?
cryptopreet
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cryptopreet
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NorthStarDayTrading
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Do you know how you would stop the box from plotting once price has gone through it, but still keep it on the chart? These are manually drawn for demonstration.