OPEN-SOURCE SCRIPT
Open - CSC Bars V3
🟢🔴 Open – Consecutive Bull/Bear Bars v3
- Tracks the first bars of the session.
- Highlights when the open starts with 2+ consecutive bull or bear bars—useful for researching spike behavior.
This research tool helps traders study **spikes on the open**, which often fail—roughly **50% of the time**. It identifies when the session begins with a string of **consecutive bullish or bearish bars**, which can signal a strong open or a potential fade setup.
🔍 **What it does:**
* Detects the start of the trading day
* Counts the first **2 or more consecutive** bullish or bearish bars (user-configurable)
* If all are bullish, plots a 🟢 label
* If all are bearish, plots a 🔴 label
* Marks appear above the last bar in the sequence
⚙️ **Settings:**
* You can choose how many bars to check (e.g., 2, 3, 4+)
* Default is 3 bars
📈 **Why this matters:**
Many opening spikes **fail and reverse**, especially after consecutive bars in one direction. This indicator helps you:
* Research spike failure rates
* Build stats on early-session conviction
* Design structured trade entries or filters
⚠️ **Important:**
* This is not a signal tool
* It’s designed for **visual research and education only**
* No trade execution, alerts, or advice
- Tracks the first bars of the session.
- Highlights when the open starts with 2+ consecutive bull or bear bars—useful for researching spike behavior.
This research tool helps traders study **spikes on the open**, which often fail—roughly **50% of the time**. It identifies when the session begins with a string of **consecutive bullish or bearish bars**, which can signal a strong open or a potential fade setup.
🔍 **What it does:**
* Detects the start of the trading day
* Counts the first **2 or more consecutive** bullish or bearish bars (user-configurable)
* If all are bullish, plots a 🟢 label
* If all are bearish, plots a 🔴 label
* Marks appear above the last bar in the sequence
⚙️ **Settings:**
* You can choose how many bars to check (e.g., 2, 3, 4+)
* Default is 3 bars
📈 **Why this matters:**
Many opening spikes **fail and reverse**, especially after consecutive bars in one direction. This indicator helps you:
* Research spike failure rates
* Build stats on early-session conviction
* Design structured trade entries or filters
⚠️ **Important:**
* This is not a signal tool
* It’s designed for **visual research and education only**
* No trade execution, alerts, or advice
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.