by 
This indicator measures directional momentum by evaluating candlestick body proportions and volume over a user-defined lookback window. It computes the ratio of candle body to total range, weights the cumulative value by volume and absolute body size, and dete
Indicator · Pine Script v6 · Own pane
P_fmt_tabs_mixed
P_fmt_tabs_mixed is an indicator that tracks net candle direction by maintaining a running cumulative counter.
GitHub stars1on the repository
Pine versionv6current
Lines of code8
Settings0inputs
LicenceMIT
Last update5 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
8 lines of Pine Script v6 from packages/golden/fixtures/parse/v6/P_fmt_tabs_mixed/source.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("P_fmt_tabs_mixed")
var int n = 0
if close > open
n += 1
if close < open
n -= 1
plot(n)
Overview
P_fmt_tabs_mixed increments the counter by one on bullish bars where the closing price exceeds the opening price, and decrements it by one on bearish bars where the closing price is lower than the open. The resulting running total is plotted as a single line in a separate indicator pane below the main price chart, offering a simple view of net up versus down bar bias.
- Cumulative candle direction counter
- Bullish and bearish bar tracking
- Separate pane indicator plot
Details
Published by
GammaExpansion on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
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.
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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