ChrisMoody

CM_Price-Action-Bars-Price Patterns That Work!

Price Action Indicator - Price Patterns That Work!
9 Minute Video Goes Into Detailed Explanation

4 Simple but Effective Price Patterns!
Yellow = Inside Bar – Breakout Patterns
Orange = Outside Bar – Breakout Patterns
Green/Red = Pin Bars
Aqua/Fuchsia = Shaved Bars

***MANY Features and Customizing Options…Detailed Overview In Video.
How To Turn Bars Patterns On And Off.
Ways To Customize.
General Thought Process of the 4 Price Action Patterns.
What Each Setting in the Inputs Tab Does.



***Special Announcement. Video Below Just Updated. Received a Special Promotion from the creator of these Price Action Bars and Many other Price Action Setups. Hedge Fund Manager and Founder of 2ndSkiesForex.com Chris Capre.

1st 10 minutes of Video is covering throughout process and how to implement the Indicators.
2nd 12 minutes covers a Special Promotion offered to TradingView members directly from Chris Capre.

Video Link Below.
http://vimeopro.com/user32804960/tradingview-indicators/video/117308294

This Version of the video will be taken down 2/01/2015 and the original video will be uploaded again.
Remove from Favorite Scripts Add to Favorite Scripts
//Created By ChrisMoody on 1-20-2014
//Credit Goes To Chris Capre from 2nd Skies Forex

study("CM_Price-Action-Bars", overlay=true)

pctP = input(66, minval=1, maxval=99, title="Percentage Input For PBars, What % The Wick Of Candle Has To Be")
pblb = input(6, minval=1, maxval=100, title="PBars Look Back Period To Define The Trend of Highs and Lows")
pctS = input(5, minval=1, maxval=99, title="Percentage Input For Shaved Bars, Percent of Range it Has To Close On The Lows or Highs")
spb = input(false, title="Show Pin Bars?")
ssb = input(false, title="Show Shaved Bars?")
sib = input(false, title="Show Inside Bars?")
sob = input(false, title="Show Outside Bars?")
sgb = input(false, title="Check Box To Turn Bars Gray?")

//PBar Percentages
pctCp = pctP * .01
pctCPO = 1 - pctCp

//Shaved Bars Percentages
pctCs = pctS * .01
pctSPO = pctCs

range = high - low

///PinBars
pBarUp() => spb and open > high - (range * pctCPO) and close > high - (range * pctCPO) and low <= lowest(pblb) ? 1 : 0
pBarDn() => spb and open < high - (range *  pctCp) and close < high-(range * pctCp) and high >= highest(pblb) ? 1 : 0

//Shaved Bars
sBarUp() => ssb and (close >= (high - (range * pctCs)))
sBarDown() => ssb and close <= (low + (range * pctCs))

//Inside Bars
insideBar() => sib and high <= high[1] and low >= low[1] ? 1 : 0
outsideBar() => sob and (high > high[1] and low < low[1]) ? 1 : 0

//PinBars
barcolor(pBarUp() ? lime : na)
barcolor(pBarDn() ? red : na)
//Shaved Bars
barcolor(sBarDown() ? fuchsia : na)
barcolor(sBarUp() ? aqua : na)
//Inside and Outside Bars
barcolor(insideBar() ? yellow : na )
barcolor(outsideBar() ? orange : na )

barcolor(sgb and close ? gray : na)
ChrisMoody, Thank you so much for this information provided.

I have every intention (just need to know what the terms/technical mean as I currently do not) to make a slight adjustment to your provided coding.

I would like to make "zones" (close higher than previous candle one "to include the wick" one color and close lower than previous candle "to include the wick" second color) with a "zoning" box from the top and bottom of the higher high and lower low candle pushing "so far forward" with the colors slightly changing when it has made multiple zones from previous use of the initial "higher high or lower low" as it could be starting higher or lower.

I think this would be a great compliment to what you have provided with this price action indicator.


If I am not *a couple years away* for you to respond, if someone more knowledgeable than me in the mean-time if ChristMoody is unable to respond first could provide a basic knowledge of how to do this coding as well instead to be provided in addition for public knowledge I would be greatly appreciative.
Reply
Great work, Chris! Thank you.

@everyone: for this indicator work, you must set the Candles color look like this:

+2 Reply
vibb7 cuongitl
@cuongitl, hi, may I know how can u set colors like this. I tried several different settings, but still not working.
Reply
@vibb7,
right click in your chart ---> properties ----> style
+1 Reply
vibb7 cuongitl
@cuongitl, ah, I see, but the indicator is still not working on my chart, cannot change the bar to gray, even I set color to blue/red, turn on/off border.....don't know why....
+1 Reply
Chris that is perfect thank you so so much
+1 Reply
Thanks Chris! Anyone happened to find a good setup for BTC or ETH?
Reply
quick question on my chart.

On the right of the chart is that candle a hangman and the pattern is 3 blackcrows or is it bearish outside candle ?

Thanks
+4 Reply
HI Chris.
can you tell me which setting are background becoz i cant set and you told if check gray button then chart will auto gray but i cant pls tell me how to set my setting thnx
+5 Reply
Hi Chris.
Can you you tell me which are the right settings for 30 minute chart?
Thanks!
+6 Reply
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