OPEN-SOURCE SCRIPT
Chanlun - Strokes & Central Zones
Chanlun Indicator - Strokes and Central Zones
This indicator implements Chan lun's core concepts:
Bi (Stroke): Basic price movement units formed by local highs and lows
Zhongshu (Central Zone): Overlapping areas formed by at least 3 strokes
Extension Lines: Visual guides for the latest central zone boundaries
Key Features:
Automatic stroke identification based on local extremes
Central zone detection with customizable colors
Extension lines for latest central zone (upper/lower bounds)
Separate colors for strokes within central zones
Price labels on the axis for zone boundaries
Settings:
Max Bars: Maximum K-lines to analyze (default: 4900)
Lookback Period: Period for finding local extremes (default: 5)
Min Gap Bars: Minimum bars between strokes (default: 4)
Customizable colors for strokes, zones, and extension lines
This indicator implements Chan lun's core concepts:
Bi (Stroke): Basic price movement units formed by local highs and lows
Zhongshu (Central Zone): Overlapping areas formed by at least 3 strokes
Extension Lines: Visual guides for the latest central zone boundaries
Key Features:
Automatic stroke identification based on local extremes
Central zone detection with customizable colors
Extension lines for latest central zone (upper/lower bounds)
Separate colors for strokes within central zones
Price labels on the axis for zone boundaries
Settings:
Max Bars: Maximum K-lines to analyze (default: 4900)
Lookback Period: Period for finding local extremes (default: 5)
Min Gap Bars: Minimum bars between strokes (default: 4)
Customizable colors for strokes, zones, and extension lines
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.