Autarch_Capital

HG Scalpius - Previous Bar Highlight

HG Scalpius - Previous Bar Highlight

This indicator highlights the 20th bar from the current bar and has the below applications for trading the HG Scalpius system:
- Determining if trend mode off switch is triggered, failing to set a new higher (lower) close in the trend with 20 bars
- Determining the highest (lowest) bar in the previous range to decide if a trade is high & tight

bars_back = input(defval=20, minval=0, title="Bars Back")

bgcolor(#9C27B0, offset=-bars_back, show_last=1)



If you come across or think of any other useful scripts for the HG Scalpius system please comment below!

Happy trading!
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Commentaires

Hi, seems like my last comment didn't post. For determining H&T, isn't it last 25 bars we look back, instead of 20 bars?
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@nikasr, Nop, according to Scott, it is 20 bars.
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Great idea. I think some others would be a touch of the BB, and maybe qualified by being a touch and lower/higher than the previous candle.

Hammer and shooting stars highlighted would take guess work away too.
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