In the chart photo is a description for each shape and letter, saying what each one is. BB, Reversals are off by default. BB + Reversals + Next bar confirmation - The way this should be used is by waiting for a 1 or 2 bar confirmation closed above/below the high/low of the Reversal candle. So if its a Top R, a yellow box will print as a confirmed 1 bar if it...
First time so idk what I'm doing lel I use vervoot volatility bands, relative strength index, and volume to determine the color of the bar - that's it I have candle colors inverted - you can change the regular and indicator bar colors in the settings Meant to help identify risk on and risk off areas
LeveLeledc - Exhaustion levels (InSilico) Method for zero confirmation support/resistance level detection using Leledc Exhaustion Bars Study is extension/mod of glaz script ,its implementing simple but unorthodox use-case for "Leledc Exhaustion Bars" More information on core function in source scripts page -> P.s Written...
Leledc Exhaustion Bar indicator created by glaz converted to Pine 4, plotshape was added.
This is one of my fav script (Leledec Exhaustion). The original script was written in V2 by Glaz here All I did is to convert this to Version 4 of Pine Scripting language. An Exhaustion Bar is a bar which signals the exhaustion of the trend in the current direction. In other words, an exhaustion bar is “A bar of the last seller” in case of a downtrend and “A...