OPEN-SOURCE SCRIPT
Contraction Levels
Mis à jour
A contraction candle is a candle whose body engulfs both left and right candlesticks' bodies. This indicator shows those contraction candlestick patterns which consists of successive candles. Then draws a horizontal level line to its defined % of its body size and also draws +/- filter lines which are shown as dashed lines, also with an option to define those filters' percentage.
Bullish Contraction:
Whenever a new candle closes above the maximum high of 3 contraction candles pattern, that contraction is called bullish contraction and its lines are shown as green lines ( you can change the color as well)
Bearish Contraction:
Whenever a new candle closes below the maximum low of 3 contraction candles pattern, that contraction is called bearish contraction and its lines are shown as red lines ( you can change the color as well)
Bullish Contraction:
Whenever a new candle closes above the maximum high of 3 contraction candles pattern, that contraction is called bullish contraction and its lines are shown as green lines ( you can change the color as well)
Bearish Contraction:
Whenever a new candle closes below the maximum low of 3 contraction candles pattern, that contraction is called bearish contraction and its lines are shown as red lines ( you can change the color as well)
Notes de version
Options to show/hide:- Contraction Candles
- Center Lines
- Filter Lines
Notes de version
Colors all 3 contraction candles instead of last candleNotes de version
Added Alerts and their options to show/hide for:- New contraction candle
- New bullish and breakout
- Cross for center line and +/- filter lines
Notes de version
Fixed a bug in breakout alertsNotes de version
Added some details to commentsNotes de version
Fixed some bug about barstate for contraction barsScript open-source
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