Bar Breaks — Indicator by CapitalMastery

This indicator helps visualize bar breaks, where one candle trades higher than the previous candle's high, or lower than the previous candle's low. This is especially helpful for spotting larger timeframe "cups".

Release Notes:

Made updates, and fixes to the logic used for calculating bar breaks.

Open-source script

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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