Boring w/Prev Legin

3 hari lalu

This TradingView Pine Script highlights “boring” candles that follow a specific “legin” candle, based on strict supply/demand zone and price action rules inspired by your trading strategy.

A candle will be highlighted if it meets all of these:

The current candle is “boring” (low volatility, small range).

• The previous candle was a “legin” (high volatility, big move).
  
• The previous “legin” was much larger than the current “boring” candle (by TR or size).
  
• The boring candle has both upper and lower wicks (not a marubozu).
  
• The legin candle had a strong body (≥70% of its size) and a wick on its close side (showing strong price rejection).
  

3 hari lalu

Nota Keluaran

This TradingView Pine Script highlights “boring” candles that follow a specific “legin” candle, based on strict supply/demand zone and price action rules inspired by your trading strategy.

A candle will be highlighted if it meets all of these:

The current candle is “boring” (low volatility, small range).

• The previous candle was a “legin” (high volatility, big move).
  
• The previous “legin” was much larger than the current “boring” candle (by TR or size).
  
• The boring candle has at least upper or lower wicks.
  
• The legin candle had a strong body (≥70% of its size) and a wick on its close side (showing strong price rejection).
  

kelmarin

Nota Keluaran

This TradingView Pine Script highlights “boring” candles that follow a specific “legin” candle, based on strict supply/demand zone and price action rules inspired by your trading strategy.

A candle will be highlighted if it meets all of these:

The current candle is “boring” (TR < ATR and Body Size < Wick Size).

• The previous candle was a “legin” (TR > ATR).
  
• The previous candle “legin” was much larger than the current “boring” candle (by TR (at least twice the boring) or size(at least 1.5 times boring ).
  
• The legin candle had a strong body (≥70% of its size) and a wick on its close side (showing strong price rejection).
  

kelmarin

Nota Keluaran

This TradingView Pine Script highlights “boring” candles that immediately follow a strong “legin” candle, applying strict price action and supply/demand zone criteria.

A candle is highlighted only if all these conditions are met:

1. Boring Candle (Current Bar):
- The total wick size (upper + lower) is greater than the body size.
- ATR (Average True Range) is greater than the candle’s TR (True Range).

2. Good Legin Candle (Previous Bar):
- The previous candle’s TR is at least 1.9× the current candle’s TR, or its size (high-low) is at least 1.9× the size of the current boring candle.
- The previous candle’s body is at least 70% of its full range (body dominates, not just a long wick).
- The previous candle has a wick on the close side (showing price rejection).

3. No Visual Gap Rule:
- There must be no “big gap” between the previous legin’s close and the current boring candle’s open.

The allowed gap is adaptive:
- Typically 7% of the legin’s body size.
- But it’s never less than 0.1×ATR and never more than 2×ATR.

This ensures the transition from legin to boring candle is visually continuous, no matter the legin candle’s size.