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Market inbalance zone boxes [LM]
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HI Traders,
I would like to introduce you Market inbalance zone boxes, the idea is to look for big volatile candle and candle before and after. Big candle is result of big money orders and it creates zone where either bulls or bears where dominant. So it's a good place to look for support or resistance
The zone created if it meets volatility (atr) condition and if the candle has some percentage of body over wick. Top and bottom is determined by candles before and after this candle occures
In setting there is an option to shrink the gap as the the price continues advance more into the box. If the price will reach exceeds on it's way the box the gap is completely closed.
I hope you will enjoy it
I would like to introduce you Market inbalance zone boxes, the idea is to look for big volatile candle and candle before and after. Big candle is result of big money orders and it creates zone where either bulls or bears where dominant. So it's a good place to look for support or resistance
The zone created if it meets volatility (atr) condition and if the candle has some percentage of body over wick. Top and bottom is determined by candles before and after this candle occures
In setting there is an option to shrink the gap as the the price continues advance more into the box. If the price will reach exceeds on it's way the box the gap is completely closed.
I hope you will enjoy it
Nota Keluaran
Adding color scheme for up and down candlesSkrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
Ingin menggunakan skrip ini pada carta?
Penafian
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