by 
The Bullish/Bearish Candle Series Distribution indicator calculates the length of the current streak of consecutive bullish or bearish candles based on user-selected mode. It tracks streak lengths from 2 to 59 and plots a histogram in a separate pane showing t
Indicator · Pine Script v5 · Own pane
Draw - Bar and Candles
This educational Pine Script indicator demonstrates how to plot custom price bars using the built-in plotbar function.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code12
Settings0inputs
LicenceNone stated
Last update2 years ago13 Sep 2024
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
The script determines whether the current bar is bullish or bearish by comparing the close price to the open price, applying a green or red color accordingly. It plots standard open-high-low-close bars in a separate indicator pane. Designed as an introductory code example, the script has no input settings or entry signals, serving as a baseline template for custom bar visualization.
- Custom bar rendering with plotbar
- Dynamic color assignment based on price action
- Separate pane OHLC bar display
Details
Published by
Web3Degenerate on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Candlestick patterns
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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