OPEN-SOURCE SCRIPT
Market inbalance zone boxes [LM]
Diupdate
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
Catatan Rilis
Adding color scheme for up and down candlesSkrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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