OPEN-SOURCE SCRIPT
Gemini Clean OB Alert
Pivot Point Usage: Instead of detecting each candle of an opposite color, the script uses `ta.pivothigh/low`. This means it only marks a Pivot Point if the price has actually made a significant high or low relative to the 10 preceding and following candles.
Dynamic Cleanup (Mitigation): As soon as the price returns to "fill" the area (depending on your choice: simple contact or close), the box disappears from the chart. This keeps your view clean and focused on the remaining untouched areas.
Period Setting: You can increase the "Detection Period" (e.g., from 10 to 20) in the settings to filter out even more noise and keep only the major areas.
Dynamic Cleanup (Mitigation): As soon as the price returns to "fill" the area (depending on your choice: simple contact or close), the box disappears from the chart. This keeps your view clean and focused on the remaining untouched areas.
Period Setting: You can increase the "Detection Period" (e.g., from 10 to 20) in the settings to filter out even more noise and keep only the major areas.
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.