by 
This indicator identifies High Of Low Price (HOLP) and Low Of High Price (LOHP) candlestick setups based on price extremes over a specified lookback period. A HOLP signal triggers when the current bar closes above the high of a recent session low, whereas a LO
Indicator · Pine Script v5 · On the chart
Candle Breaks 1v1 L+S
This indicator detects 1v1 candle break patterns where the current candle breaks and closes beyond the open of the prior opposite-colored candle.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code146
Settings0inputs
LicenceNone stated
Last update5 months ago11 May 2026
Add It to Your TradingView Chart
- 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
Candle Breaks 1v1 L+S projects a 1.618 Fibonacci extension target based on the previous candle's range, calculating the expected percentage move from the entry level (the previous candle's open). When the expected move meets a minimum percentage difference threshold, it plots informative labels directly on the price chart showing entry, target exit prices, and percentage return.
- One-versus-one candle break detection for long and short setups
- 1.618 Fibonacci target projection based on prior candle range
- Dynamic decimal rounding based on asset price tier
- Visual chart labels with entry price, target price, and percentage gain
Details
Published by
chargersfan47 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Breakout, Candlestick patterns, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
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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