Boring w/Prev Legin

19 Jul

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).
  

19 Jul

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).
  

20 Jul

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).
  

7 hari lalu

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.

3 hari lalu

Nota Keluaran

// Script: Boring with Good Legin (Dynamic Gap)
// Version: Pine Script v6
// ---------------------------------------------------------------------------
// This script highlights "boring" candles that follow a strong "good legin" candle,
// applying advanced supply/demand and price action rules.
//
// A candle is highlighted ONLY if all these conditions are met:
//
// 1. Current candle ("boring"):
// - ATR > TR (shows lower volatility than recent average).
//
// 2. Previous candle ("good legin"):
// - TR[1] > ATR[1] (shows a strong move/expansion).
// - Previous legin's TR is at least 1.9× current boring candle's TR,
// OR previous legin's size (high[1]-low[1]) is at least 1.9× boring candle's size.
// - The legin candle's body is at least 70% of its full size (body-dominant).
// - The legin candle has a wick on the close side (upper wick for bullish, lower wick for bearish).
//
// 3. No Visual Gap Rule (Dynamic):
// - There is no significant gap between the legin candle's close and the boring candle's open.
// - The allowed gap adapts to context: it is 7% of the legin body size, but is always at least 0.1×ATR
// and never more than 2×ATR. This ensures visual continuity regardless of legin candle size.
//
// Purpose:
// - Helps traders spot high-probability contraction ("boring") candles immediately after
// a powerful "legin" move, for use in supply/demand zone and advanced price action setups.
// - The dynamic gap makes this indicator robust across all timeframes and instruments.
//
// Add this indicator to your TradingView chart. Highlighted candles in purple meet all these conditions.
//
// ============================================================================