OPEN-SOURCE SCRIPT
Taiwan Pagoda Chart (Triple)
The code is open-source.
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Indicator Name
Taiwan Pagoda Chart
This is a technical analysis charting method similar to candlesticks but with different logic, designed to filter market noise and identify trend reversal points.
Key Features
Dynamic Pagoda Line Plotting
Unlike traditional candlesticks that plot every bar, the Pagoda line only updates when the price breaks above the previous high or below the previous low by a certain threshold.
Bullish (rising) bars are shown in green; bearish (falling) bars in red.
Multiple Optional Filters
T-value filter: Sets a minimum price change threshold to avoid signals from minor fluctuations.
Price percentage filter: Dynamically adjusts sensitivity based on a percentage of the previous Pagoda bar’s range.
ATR volatility filter: Uses Average True Range (ATR) to widen the threshold during high volatility and tighten it during low volatility.
Visual Design
Semi-transparent Pagoda structure for better visual context.
A bold central trend line to clearly show the underlying market direction.
Trading Signal Alerts
Bullish reversal (turning green): Potential buy signal.
Bearish reversal (turning red): Potential sell signal.
Optional on-chart labels (B / S) and support for TradingView alert notifications.
Highly Customizable
Users can freely adjust colors, line width, filtering rules, and signal visibility—making it adaptable to various trading styles.
Ideal Use Cases
Trend following
Reducing false breakouts
Helping medium-to-long-term traders identify high-probability entry and exit points
======================
Indicator Name
Taiwan Pagoda Chart
This is a technical analysis charting method similar to candlesticks but with different logic, designed to filter market noise and identify trend reversal points.
Key Features
Dynamic Pagoda Line Plotting
Unlike traditional candlesticks that plot every bar, the Pagoda line only updates when the price breaks above the previous high or below the previous low by a certain threshold.
Bullish (rising) bars are shown in green; bearish (falling) bars in red.
Multiple Optional Filters
T-value filter: Sets a minimum price change threshold to avoid signals from minor fluctuations.
Price percentage filter: Dynamically adjusts sensitivity based on a percentage of the previous Pagoda bar’s range.
ATR volatility filter: Uses Average True Range (ATR) to widen the threshold during high volatility and tighten it during low volatility.
Visual Design
Semi-transparent Pagoda structure for better visual context.
A bold central trend line to clearly show the underlying market direction.
Trading Signal Alerts
Bullish reversal (turning green): Potential buy signal.
Bearish reversal (turning red): Potential sell signal.
Optional on-chart labels (B / S) and support for TradingView alert notifications.
Highly Customizable
Users can freely adjust colors, line width, filtering rules, and signal visibility—making it adaptable to various trading styles.
Ideal Use Cases
Trend following
Reducing false breakouts
Helping medium-to-long-term traders identify high-probability entry and exit points
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
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.