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muthushun
Jan 30, 2020 3:59 PM
Boring & Explosive Candle - Muthu S
NSE:TCS
60
TATA CONSULTANCY S
NSE
Description
⋅
Jan 30, 2020 3:59 PM
This Indicator marks Explosive candle (Black) and Boring Candle (Blue) on the chart based on various inputs like ATR Range, Legout Strength etc.
Release Notes
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Mar 5, 2020 6:08 PM
Removed ATR & Body Range input.
Code Optimization.
Candlestick Analysis
boring-candle
basing-candle
explosive-candle
explosive-move
Demand Zone
price_action
Comments
techtrader29
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May 20, 2020 7:02 AM
Hey can i get the code for it
muthushun
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Jul 4, 2020 9:13 AM
@techtrader29
, I can help u in coding.
cenagus
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Aug 8, 2021 1:37 AM
@muthushun
, bro, may I ask the rule for explosive?
Indyantrade1
⋅
Mar 23, 2022 1:49 AM
@techtrader29
,
//
@version
=5
indicator('Supply Demand', overlay=true)
BcB_Ratio = input.int(50, title='Boring Candle Body <=(%)', minval=5, maxval=95)
C2BR = math.abs(open - close) * 100 / math.abs(high - low)
barcolor(C2BR <= BcB_Ratio ? color.blue : na)
mp = input(2.0, title='Multiplier for Explo.Mov.')
ratio = input(50, title='Range-Body Ratio for Explo.Mov.')
cand = input(100, title='Average Number of Candles for Explo.Mov.')
range_1 = ta.atr(cand)
candr = math.abs(high - low)
bodyr = math.abs(open - close)
barcolor(bodyr / candr >= ratio / 100 and candr >= range_1 * mp ? color.black : na, title='Explosive Move')
naeempawaskar
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Feb 27, 2021 6:51 AM
boss your indicator have on MT4 ?
muthushun
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Feb 27, 2021 2:20 PM
@naeempawaskar
, No
naeempawaskar
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Feb 27, 2021 2:37 PM
@muthushun
, amibroker have
naeempawaskar
⋅
Feb 20, 2021 4:15 AM
hi , youre indicator is awesome. can u add alert if zone created ?
how add alert ?
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