OPEN-SOURCE SCRIPT

Falcon


Falcon highlights "Thrust Days"

A thrust day (as defined in Jack D. Schwager's book - A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles) is as follows:

"An upthrust day is a day with a close above the previous day's high, while a downtrhust day is a day with a close below the previous day's low"

It can be useful for determining the strength of a given trend (i.e. more upthrust days than downthrust days and it's a nice strong bull trend)



Enjoy!
downthrustTrend Analysisupthrust

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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