This overlay indicator marks Linda Raschke short-term bar setups on the price chart. It flags Turtle Soup and Turtle Soup plus one false breakouts of a prior extreme, 80-20 bars, inside bars, failed inside-bar breakouts, outside up and down bars, NR4 and NR7 c
Indicator · Pine Script v6 · On the chart
Impulse Candles
Impulse Candles identifies unusually large price bars relative to an Average True Range baseline.
GitHub stars7on the repository
Pine versionv6current
Lines of code44
Settings7inputs
LicenceNone stated
Last update3 months ago24 Jul 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
Impulse Candles measures candle body size against a user-defined ATR ratio and optionally filters for reversal setups following two consecutive candles of the opposite direction. Matching bars are highlighted directly on the price chart with customizable colors and transparency settings. Main settings control the ATR calculation period, the threshold multiplier for candle size, and whether to restrict signals to reversal conditions.
- ATR-based candle body size threshold
- Optional reversal filter using prior candle directions
- Customizable bar coloring and transparency controls
- Direct price chart overlay
Details
Published by
eddiebelaval on GitHub
Type
Draws
On the price chart
Category
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Reversals Only | bool | true | reversalsOnly |
| Candle Size Ratio | float | 5.0 | candleSizeRatio |
| ATR Length | int | 200 | atrLength |
| Paint Candles | bool | true | paintBars |
| Max candle transparency (0=strong) | int | 10 | maxBarAlpha |
| Bull Impulse Color | color | color.lime | bullColor |
| Bear Impulse Color | color | color.red | bearColor |
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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