OPEN-SOURCE SCRIPT
Aggiornato Contraction Levels
A contraction candle is a candle whose body engulfs both left and right candlesticks' bodies. This indicator shows those contraction candlestick patterns which consists of successive candles. Then draws a horizontal level line to its defined % of its body size and also draws +/- filter lines which are shown as dashed lines, also with an option to define those filters' percentage.
Bullish Contraction:
Whenever a new candle closes above the maximum high of 3 contraction candles pattern, that contraction is called bullish contraction and its lines are shown as green lines ( you can change the color as well)
Bearish Contraction:
Whenever a new candle closes below the maximum low of 3 contraction candles pattern, that contraction is called bearish contraction and its lines are shown as red lines ( you can change the color as well)
Bullish Contraction:
Whenever a new candle closes above the maximum high of 3 contraction candles pattern, that contraction is called bullish contraction and its lines are shown as green lines ( you can change the color as well)
Bearish Contraction:
Whenever a new candle closes below the maximum low of 3 contraction candles pattern, that contraction is called bearish contraction and its lines are shown as red lines ( you can change the color as well)
Note di rilascio
Options to show/hide:- Contraction Candles
- Center Lines
- Filter Lines
Note di rilascio
Colors all 3 contraction candles instead of last candleNote di rilascio
Added Alerts and their options to show/hide for:- New contraction candle
- New bullish and breakout
- Cross for center line and +/- filter lines
Note di rilascio
Fixed a bug in breakout alertsNote di rilascio
Added some details to commentsNote di rilascio
Fixed some bug about barstate for contraction bars
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