PINE LIBRARY

lib_bar_strength

41
Big bar breakout detection for multi-timeframe trading systems.

Identifies significant ("big") bars where the range exceeds a configurable ATR multiple. Classifies them as Bull Break, Bear Break, Possible Bull, or Possible Bear. Tracks the most recent strong bar's high, low, midpoint, and ATR multiple for use in key signal notes.

**Event types:** 0=None, 1=Bull Break, 2=Bear Break, 3=Possible Bull, 4=Possible Bear

**Exports:** `detect()` — returns event type, high, low, midpoint, ATR multiple, and recent strong bar data.

Used by: TCD - Trade Consistent & Disciplined (indicator)

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.