1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
200 Bar En Uzun Bar + 1.5x Volume (Nokta) checks whether the current bar range exceeds the maximum high-low range over a specified lookback period. If the range breaks the record with volume below 1.5 times its moving average, the script colors the bar blue with a small circle below. If volume also exceeds 1.5 times the average, it colors the bar red. A huge purple circle marks a strong signal when multiple breakout bars occur within twenty bars.
Lookback-based candle range breakout detection
Relative volume surge filter using moving averages
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Referans Bar Sayısı
int
200
lookback
Volume Ortalama
int
20
volLength
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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