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)
Hello Chris,

Many thanks for putting this together. I've followed the steps detailed in the vimeo video. However, the indicator isn't changing the chart in any way. Could you please help me?
Reply
Is this indicator still available Chris?
Reply
Is there a way to convert this code to ThinkorSwin?
+4 Reply
can i use it on other charts like a usdjpy?
+1 Reply
fixed it. sorry
Reply
good video, I added the settings in the video and it is not working on my charts, any ideas
Reply
Hi @ChrisMoody ,

I have added this to my Favorite and applied it but im not seeing any changes. Could you please help me on the same
+1 Reply
VidhyapathyNatarajan VidhyapathyNatarajan
Hi Chirs,

I just watched video and updated setting . thanks for your wonderful script
Reply
Why are my pinbars at the bottom hardly ever green, but in the video they are?
Reply
JENPO1975 JENPO1975
@JENPO1975, I mean they are never green indicating a reversal, or red at the top of an uptrend to indicate a possible reversal. I am specifically referring to the indicator, because it is claiming to do this.
Reply
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