Bar Balance extracts the number of up, down and neutral intrabars contained in each chart bar, revealing information on the strength of price movement. It can display stacked columns representing raw up/down/neutral intrabar counts, or an up/down balance line which can be calculated and visualized in many different ways.
WARNING: This is an analysis tool that...
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is...
The strategy contained in this post comes courtesy of babypips (.com), an excellent resource for all thing forex related. If you are new to trading, the site is definitely worth checking out!
Code commentary and an introduction to Inside Bars are available for this post on the Backtest-Rookies (.com) website.
Note: If you are interested in custom development...
Bill William Bull/Bear divergent bars
See: Book, Trading Chaos by Bill Williams
Coded by polyclick
A bullish (green) divergent bar, signals a trend switch from bear -> bull
-> The current bar has a lower low than the previous bar, but closes in the upper half of the candle.
-> This means the bulls are pushing from below and are trying to take over,...
It's been a long time coming, but here is a versatile vline() function applicable to PSv4.0+ utilizing line.new(). I decided to finally figure this out at the request of another member recently. I have been waiting myself for months, but it's now time for an idea who's time has come to unleash upon planet Pine Script. It's a handy little function I believe will be...
Adds aesthetic ability to charts by allowing the trader to change the color of the bars, background, and plots using HEX colors, rather than TradingView's limited color selector box. This makes for easy application of color palettes to charts. The color palettes can be saved as indicators and applied quickly, as desired.
Disclamer : READ THIS BEFORE USING IT !!!
I have take and try to improuve the source code of indicator "intra-bar volume" by backtest-rookies.com
This indicator categorized the volume in lower timeframe, if the candle close up it's a buying volume, if it close down...
Beware that is not easy to work with different TF on tradingview so you have some limitation...
Colours for candles/bars determined by
- standard deviation of price, and also
- additional inputs to determine if the candle/bar is significant:-
1) volume more than half the average volume, or
2) net movement (up, down) same as previous candle/bar
Developed for black background, but you can adjust the colours to your liking. Best used...
This indicator helps identify 3-bar and 4-bar plays, which are price action patterns consisting of a wide ranging bar that breaks above or below resistance or support, followed by one or two collecting/consolidating bars, then a continuation bar in the direction of the new trend. The 3 and 4-bar play is taught by Jared Wesley and Anmol Singh at Live Traders.
Squat bars are a battle of the bulls and the bears, with lots of buying and selling but little price movement.
A squat bar will be one of the top three OR bottom three bars 85% of the time at the end of a trend.
While all trends end with a squat, all squats are NOT the end of a trend.
Helps to see the number of days in any default timeframe chart. (Not yet tested with custom time frames!)
Please like and favorite this script if you like it!
Any donations of tradingview coins to help me buy a tradingview pro membership would also be highly appreciated! Thank you!