Indicator · Pine Script v5 · On the chart

Zen Big Bar Midpoints

by Zen-Tim

This indicator marks bars whose range exceeds a multiple of the average bar range, calculated as a simple average of prior ranges.

View on GitHub

GitHub stars29on the repository
Pine versionv5runs as is
Lines of code67
Settings16inputs
LicenceMIT
Last update2 weeks ago14 Oct 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

67 lines of Pine Script v5 from indicators/Zen-Big-Bar-Midpoints/zen-big-bar-midpoints-v1.8.txt, published under MIT. Keep the author's credit and licence lines when you reuse it.

zen-big-bar-midpoints-v1.8.txt
//@version=5
indicator("Zen Big Bar Midpoints v1.8", overlay=true, max_lines_count=500, max_boxes_count=500)
// ============================================================
// INPUTS
// ============================================================
grpDetect = "Big Bar Detection"
abrLookback   = input.int(8,    "ABR Lookback",          minval=1, group=grpDetect)
bigBarMult    = input.float(1.6,"Big Bar Threshold (x ABR)", minval=0.1, step=0.1, group=grpDetect)
showBull      = input.bool(true,"Show Bull Bars",         group=grpDetect)
showBear      = input.bool(true,"Show Bear Bars",         group=grpDetect)
grpMid = "Midpoints (H-L mid & Extreme-Close mid)"
midMode       = input.string("Lines", "Display Mode", options=["Lines", "Boxes", "Off"], group=grpMid)
midBullColor  = input.color(color.blue, "Bull Colour",       group=grpMid)
midBearColor  = input.color(color.red,  "Bear Colour",       group=grpMid)
midBoxTransp  = input.int(75, "Box Fill Transparency", minval=0, maxval=100, group=grpMid)
grpFrac = "Fractional Levels (0.33 / 0.66)"
fracMode      = input.string("Off", "Display Mode", options=["Lines", "Boxes", "Off"], group=grpFrac)
fracLow       = input.float(0.33,"Lower Fraction",  minval=0.0, maxval=1.0, step=0.01, group=grpFrac)
fracHigh      = input.float(0.66,"Upper Fraction",  minval=0.0, maxval=1.0, step=0.01, group=grpFrac)
fracBullColor = input.color(color.blue, "Bull Colour",       group=grpFrac)
fracBearColor = input.color(color.red,  "Bear Colour",       group=grpFrac)
fracBoxTransp = input.int(50, "Box Fill Transparency", minval=0, maxval=100, group=grpFrac)
grpStyle = "Line Style"
extendBars    = input.int(10,    "Extension (bars)", minval=1, group=grpStyle)
lineWidth     = input.int(2,     "Line Width",       minval=1, maxval=4, group=grpStyle)
// ============================================================
// CALCULATIONS
// ============================================================
barRange = high - low
abr      = ta.sma(barRange[1], abrLookback)
isBigBar = barRange > abr * bigBarMult
isBull   = close > open
isBear   = close < open
plotThis = isBigBar and ((isBull and showBull) or (isBear and showBear))
midLineCol  = isBull ? midBullColor  : midBearColor
midFillCol  = color.new(midLineCol, midBoxTransp)
fracLineCol = isBull ? fracBullColor : fracBearColor
fracFillCol = color.new(fracLineCol, fracBoxTransp)
// ============================================================
// HELPERS
// ============================================================
f_drawLine(_price, _col) =>
    line.new(bar_index, _price, bar_index + extendBars, _price, xloc=xloc.bar_index, extend=extend.none, color=_col, style=line.style_dotted, width=lineWidth)
f_drawBox(_top, _bot, _col, _border) =>
    box.new(bar_index, _top, bar_index + extendBars, _bot, xloc=xloc.bar_index, border_color=_border, border_width=1, border_style=line.style_dotted, bgcolor=_col)
// ============================================================
// DRAWING
// ============================================================
if plotThis
    midFull  = (high + low) / 2
    midClose = isBull ? (low + close) / 2 : (high + close) / 2
    if midMode == "Lines"
        f_drawLine(midFull,  midLineCol)
        f_drawLine(midClose, midLineCol)
    else
        if midMode == "Boxes"
            topM = math.max(midFull, midClose)
            botM = math.min(midFull, midClose)
            f_drawBox(topM, botM, midFillCol, midLineCol)
    lvlLow  = low + barRange * fracLow
    lvlHigh = low + barRange * fracHigh
    if fracMode == "Lines"
        f_drawLine(lvlLow,  fracLineCol)
        f_drawLine(lvlHigh, fracLineCol)
    else
        if fracMode == "Boxes"
            f_drawBox(lvlHigh, lvlLow, fracFillCol, fracFillCol)

Overview

On those bull or bear bars it draws the high-low midpoint and the midpoint between the close and the opposite extreme, as dotted lines or a filled box. Optional fractional levels sit within the same bar range. Lookback, threshold, colours, transparency, width and forward extension are adjustable. It draws on the price chart and has no entry or exit rules.

Details

Published by

Zen-Tim on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

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.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
ABR Lookbackint8abrLookback
Big Bar Threshold (x ABR)float1.6bigBarMult
Show Bull BarsbooltrueshowBull
Show Bear BarsbooltrueshowBear
Display ModestringLinesmidMode
Bull Colourcolorcolor.bluemidBullColor
Bear Colourcolorcolor.redmidBearColor
Box Fill Transparencyint75midBoxTransp
Display ModestringOfffracMode
Lower Fractionfloat0.33fracLow
Upper Fractionfloat0.66fracHigh
Bull Colourcolorcolor.bluefracBullColor
Show all 16 settings
SettingTypeDefaultVariable
Bear Colourcolorcolor.redfracBearColor
Box Fill Transparencyint50fracBoxTransp
Extension (bars)int10extendBars
Line Widthint2lineWidth
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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