Brooks 18 Bars [KintsugiTrading]Brooks 18 Bars
Overview:
This indicator allows traders to specify a time frame within each trading day and plots lines at the highest and lowest prices recorded during that period. It is particularly useful for identifying key levels of support and resistance within a specified time range.
Features:
User-Defined Time Frame: Traders can input their desired start and end times in a 24-hour format, allowing flexibility to analyze different market sessions.
High and Low Price Levels: The indicator plots lines representing the highest and lowest prices observed within the specified time frame each day.
Clear Visual Representation: The high and low lines are color-coded for easy identification, with the high & low prices in Kintsugi Trading Gold.
How to Use:
Set the Time Frame:
Adjust the "Start Time Hour" and "Start Time Minute" to define the beginning of your desired time frame.
Adjust the "End Time Hour" and "End Time Minute" to define the end of your desired time frame.
Analyze Key Levels:
Al Brooks popularized the following idea and basis for creating this indicator:
On a 5-minute chart, Bar 1 has a 20-30% chance of being the High or Low of the day.
Bar 12 has a 50% chance.
Bar 18 has an 80-90% chance.
Use the plotted lines to identify significant support and resistance levels within your specified time frame. These levels can help inform your trading decisions, such as entry and exit points.
Good luck with your trading!
Barcount
Bull& Bear Bars Count/CalculatorIn bull trend, bull bars are more than bear bars and vice versa.
More important, if the bull/bear bars are more continuous, the trend is typically stronger.
So, if the bars amount is visualized, it would be much more easier to identify the unfolding trend in front of you.
This indicator shows you the amount of bull/bear bars by columns.
The higher the column, the bars are more continuous, the trend is stronger.
candle countsmall script for count bar ...it count bar from open of day till end of day ...
in lower time its deleting candle count because of tradingview label limit 50
. bar counting it help me to teach trader bar by bar ...some of bar in all world chart are very important ..in al brook sir book and his website he marked many imortant bar no
for reference al brook sir said about bar counting method
the highest probability trade was the one that I said. When bar 62 was happening, I said, “Traders are buying,” you know, “I’m buying, it’s going up,” right? So 62 is the highest probability trade, but that does not mean it’s the easiest trade. It just means the probability that we’re going to get some kind of a measured move out of 62 is very high, probably 70 percent.
thanks to stack overflow that code is ans there
in this script many people help me thanks to @HappyBaby86 and @Kjaerbye#7503
sorry my english is not good.my native language is Hindi ..
Bars Since Last EMA Touch
This indicator keeps track of how many bars since price touched any EMA last time. You can for example
set 200 EMA. Tell the script to send an alert if/when 400 bars has been reached away from the EMA 200.
- You can hide/show The EMA Line.
- You can hide/show bar Count.
- You can set X bars from EMA to get Alert.
- You can change color of The Badge and EMA line to fit your background colors.
Enjoy!
Another Indicator From The Hunter Trading Group
