by 
The Candle Pressure Index measures buying versus selling pressure from candle geometry and relative volume. Each bar combines close location, body ratio, and volume rank into a raw pressure value. An exponential moving average of that pressure forms the CPI os
Indicator · Pine Script v4 · Own pane
Commitment Gauge
This indicator measures directional momentum by evaluating candlestick body proportions and volume over a user-defined lookback window.
GitHub stars219on the repository
Pine versionv4older, still runs
Lines of code38
Settings3inputs
LicenceNone stated
Last update1 year ago8 May 2025
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
Commitment Gauge computes the ratio of candle body to total range, weights the cumulative value by volume and absolute body size, and determines net bullish or bearish commitment. Displayed in a separate pane, the indicator plots directional triangle shapes or an optional column histogram. Input settings allow traders to adjust the lookback period, toggle between histogram and arrow displays, and enable numerical volume score labels.
- Candle body-to-range ratio calculation
- Volume-weighted directional commitment scoring
- Configurable lookback period
- Toggleable histogram or directional arrow display
- Optional value labels on price bars
Details
Published by
harryguiacorn on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Volume, Candlestick patterns, Oscillators & momentum
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.
Repository
Topics
bollingerbollinger-bandbollinger-bandsichimokuichimoku-cloudichimoku-indicatorpinepinescriptpinescript-guidespinescript-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Look Back Period | int | 9 | lenLookBack |
| Display Volume Labels | bool | false | bDisplayVolumeLabels |
| Toggle Hist/Arrow | bool | false | bDisplayHist |
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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