9 Minute Video Goes Into Detailed Explanation
4 Simple but Effective Price Patterns!
Yellow = – 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.
This Version of the video will be taken down 2/ 01 /2015 and the original video will be uploaded again.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//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 and low >= low ? 1 : 0 outsideBar() => sob and (high > high and low < low) ? 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)
Thank you , i hope someone can answer this
Its a pine script made for tradingview.
MT4 uses MQL4 as Script Language, so you would have to "translate"
Just I would want ask a question ,I trade on Binance.With Which inputs should I use for 5 minutes chart @ChrisMoody