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Aggiornato Pure Price Feed (Close-Based)
This indicator is a robust "Price Feed" tool that visualizes market structure based on candlestick relationships. Unlike traditional indicators that rely heavily on wicks, this logic prioritizes the Close Price (Close-Based) to determine market validity, filtering out false breakouts and market noise.
https://www.tradingview.com/x/3mXsG6Z8/
It reads the market "Feed" by identifying Expansion (Movement), Rest (Consolidation), and rare Edge Cases (Indecision).
Core Concepts
1. Expansion (Green / Red)This represents a confirmed trend movement. The market has successfully broken out of the previous Mother Bar range with conviction.
Expand UP: A bullish move where both High and Low are higher than the previous Mother Bar.
Expand DOWN: A bearish move where both High and Low are lower than the previous Mother Bar.
2. Pre-Expansion (Aqua)Also known as the "Rest" phase. This is an Inside Bar (1st candle inside bar) that occurs after an Expansion. The market is taking a breath within a new range, waiting for the next impulse.
Note: This is the ideal zone to look for continuation entries.
3. Inside Bar (Gray - Close Based)This indicates that the price is contained within the previous bar's range.
The Logic: In traditional analysis, a wick break is often considered a breakout. In this "Close-Based" feed, the Mother Bar reference (the range) does not update if the price closes back inside the previous range.
This filters out "Fakeouts" where the price spikes out but gets rejected, treating it as consolidation rather than a valid structure change.
4. Indecision (Orange - Rare Edge Case)This is a specific edge case that identifies market confusion immediately following an Expansion. It triggers when a bar attempts to break out (wick or body) of the previous Mother Bar, but fails to establish a new Expansion. It often manifests as:
Fakeouts: Price breaks a level but reverses instantly.
Engulfing patterns that fail: A large bar tries to eat the previous one but closes within the range.
Inside Bars with long tails: High volatility but no direction.
When Indecision appears, it serves as a warning that the previous trend might be losing momentum or that a reversal is imminent, as the energy from the previous expansion was rejected.
How to Use:
Trend Following: Wait for an Expansion (Green/Red), then look for entries during the Pre-Expansion (Aqua) phase.
Noise Filtering: Trust the Gray bars (Inside) over wicks. As long as the bar is gray or aqua, the previous range is still valid.
Reversal Signals: If you see frequent Orange bars (Indecision), the market is ranging or undecided. Avoid taking new trend trades.
https://www.tradingview.com/x/3mXsG6Z8/
It reads the market "Feed" by identifying Expansion (Movement), Rest (Consolidation), and rare Edge Cases (Indecision).
Core Concepts
1. Expansion (Green / Red)This represents a confirmed trend movement. The market has successfully broken out of the previous Mother Bar range with conviction.
Expand UP: A bullish move where both High and Low are higher than the previous Mother Bar.
Expand DOWN: A bearish move where both High and Low are lower than the previous Mother Bar.
2. Pre-Expansion (Aqua)Also known as the "Rest" phase. This is an Inside Bar (1st candle inside bar) that occurs after an Expansion. The market is taking a breath within a new range, waiting for the next impulse.
Note: This is the ideal zone to look for continuation entries.
3. Inside Bar (Gray - Close Based)This indicates that the price is contained within the previous bar's range.
The Logic: In traditional analysis, a wick break is often considered a breakout. In this "Close-Based" feed, the Mother Bar reference (the range) does not update if the price closes back inside the previous range.
This filters out "Fakeouts" where the price spikes out but gets rejected, treating it as consolidation rather than a valid structure change.
4. Indecision (Orange - Rare Edge Case)This is a specific edge case that identifies market confusion immediately following an Expansion. It triggers when a bar attempts to break out (wick or body) of the previous Mother Bar, but fails to establish a new Expansion. It often manifests as:
Fakeouts: Price breaks a level but reverses instantly.
Engulfing patterns that fail: A large bar tries to eat the previous one but closes within the range.
Inside Bars with long tails: High volatility but no direction.
When Indecision appears, it serves as a warning that the previous trend might be losing momentum or that a reversal is imminent, as the energy from the previous expansion was rejected.
How to Use:
Trend Following: Wait for an Expansion (Green/Red), then look for entries during the Pre-Expansion (Aqua) phase.
Noise Filtering: Trust the Gray bars (Inside) over wicks. As long as the bar is gray or aqua, the previous range is still valid.
Reversal Signals: If you see frequent Orange bars (Indecision), the market is ranging or undecided. Avoid taking new trend trades.
Note di rilascio
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Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.