OPEN-SOURCE SCRIPT
Full Candle Higher/Lower (No Repeats)

🔎 What the Script Does (Pine Script v6)
Keeps track of the last signal
Uses a persistent variable lastSignal (initialized once as "none").
Ensures that if a signal repeats consecutively, it won’t be triggered again.
Defines the conditions for a “Higher” or “Lower” candle sequence
Higher condition:
Current close > previous high, AND previous low ≤ the high of two bars ago.
→ This means the candle has fully broken higher.
Lower condition:
Current close < previous low, AND previous high ≥ the low of two bars ago.
→ This means the candle has fully broken lower.
Checks for new signals only
If a candle meets the condition and the last signal wasn’t the same, a new signal is triggered.
Updates lastSignal to prevent repeats.
Plots labels/arrows
A “Higher” signal shows a green label below the bar.
A “Lower” signal shows a red label above the bar.
Sets alerts
So you can be notified in TradingView whenever a “Higher” or “Lower” flag is detected.
📊 Trading Logic in Words
The indicator is looking for full candle breakouts.
If a candle closes above the previous high (with some confirmation from older bars), it flags it as a “Higher” signal.
If a candle closes below the previous low (with similar confirmation), it flags it as a “Lower” signal.
It avoids duplicate consecutive signals by remembering what the last one was.
✅ Why It’s Useful
Helps traders spot momentum continuation candles (strong push candles).
Reduces noise by not repeating the same signal multiple times in a row.
Works like a breakout detector that tells you when the market is making a new leg up or new leg down.
Keeps track of the last signal
Uses a persistent variable lastSignal (initialized once as "none").
Ensures that if a signal repeats consecutively, it won’t be triggered again.
Defines the conditions for a “Higher” or “Lower” candle sequence
Higher condition:
Current close > previous high, AND previous low ≤ the high of two bars ago.
→ This means the candle has fully broken higher.
Lower condition:
Current close < previous low, AND previous high ≥ the low of two bars ago.
→ This means the candle has fully broken lower.
Checks for new signals only
If a candle meets the condition and the last signal wasn’t the same, a new signal is triggered.
Updates lastSignal to prevent repeats.
Plots labels/arrows
A “Higher” signal shows a green label below the bar.
A “Lower” signal shows a red label above the bar.
Sets alerts
So you can be notified in TradingView whenever a “Higher” or “Lower” flag is detected.
📊 Trading Logic in Words
The indicator is looking for full candle breakouts.
If a candle closes above the previous high (with some confirmation from older bars), it flags it as a “Higher” signal.
If a candle closes below the previous low (with similar confirmation), it flags it as a “Lower” signal.
It avoids duplicate consecutive signals by remembering what the last one was.
✅ Why It’s Useful
Helps traders spot momentum continuation candles (strong push candles).
Reduces noise by not repeating the same signal multiple times in a row.
Works like a breakout detector that tells you when the market is making a new leg up or new leg down.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.