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Gustavo Zone Indicator JULY

4 548
This indicator watches for runs of at least three consecutive green (or red) candles followed by an opposite-color candle, then marks that reversal zone by drawing a rectangle from the wicks of the first two run candles. It optionally plots a horizontal “target” line at the wick of the third run candle. While the zone is active, if three bars in a row close beyond both the zone boundary and the target line, it issues a customizable “Sell” label above the bar (after bullish runs) or a “Buy” label below the bar (after bearish runs). All colors, text labels, sizes, offsets, and toggles for the zones, lines, and signals can be adjusted in the input settings.

Penafian

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