Zen Z Bars V1 identifies breakouts, inside and outside bars, climax candles based on range expansion factors, and tiered range multiple bars. The indicator draws breakout markers, reversal signals, climax target levels, and signal lines directly on the price chart. Users can configure range multiple thresholds across four tiers, set IBS bullish and bearish levels, and selectively toggle visual markers, labels, and midpoint lines.
Multi-tier bar range multiple detection
Internal Bar Strength (IBS) calculation and shape plots
Breakout, inside bar, and outside bar classification
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Bull IBS Threshold
int
69
i_bullIBSfactor
Bear INS Threshold
int
31
I_bearIBSfactor
Body Range Limit
int
45
BodyRangeThreshold
Bar Range Multiple 1
float
1.1
f_Bar_range_multiple_factor_1
Bar Range Multiple 1.5
float
1.5
f_Bar_range_multiple_factor_2
Bar Range Multiple 2
float
2
f_Bar_range_multiple_factor_3
Bar Range Multiple 3
float
3
f_Bar_range_multiple_factor_4
Bar Range Minimum
float
5
z_min_bar_size
Show Midpoint
string
Off
showmidpoint
Show BOs ?
string
On
plotBOsOn
Show IBS ?
string
On
plotIBS
Show IBS Shapes ?
string
On
plotIBSshapes
Show all 31 settings
Setting
Type
Default
Variable
Show Reversals
string
On
plotRevOn
Show OBs
string
On
plotOBs
Show CX targets
string
On
plotCXtargets
Show BOFT labels
string
On
plotBOFTlabels
Show Signal Line
string
On
plotKNTGTS
Show CX test Lines
string
On
plotCXtextlines
Show ABR labels
string
Off
plotlabelABRmultiple
Show Tier 1 (1.1x)
string
On
show_z1
Show Tier 2 (1.5x)
string
On
show_z2
Show Tier 3 (2x)
string
On
show_z3
Show Tier 4 (3x)
string
On
show_z4
AMA Climax Factor
float
1.8
amaCXFInput
Show AMA CXF
string
On
plotAMACXFOn
Show CX Colour
string
On
plotClimaxColourOn
Show CX Shapes
string
On
plotClimaxShapeOn
Number of Bars to Ignore at Start of Day
int
1
y
Lookback Period
int
8
lookbackPeriod
IBS Bull
int
31
ibsBullThreshold
IBS Bear
int
69
ibsBearThreshold
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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