OPEN-SOURCE SCRIPT
ATR Based Strong Bar Highlighter
- marks bars based on the following variables
1. size of bar relative to X ATR on 5 min chart
- eg: 1.1X 14 bar ATR
2. body range size relative to bar range
- eg: bar must be 80% of entire bar range
3. close range relative to bar range
- eg: bull bar must close above 80% of bar range, bull bar must close below 20%
1. size of bar relative to X ATR on 5 min chart
- eg: 1.1X 14 bar ATR
2. body range size relative to bar range
- eg: bar must be 80% of entire bar range
3. close range relative to bar range
- eg: bull bar must close above 80% of bar range, bull bar must close below 20%
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.