Pullback Viewer is designed to show valid pullback points in a bearish or bullish trend.
What is considered a valid pullback?
A valid pullback needs to have a body close outside the previous candle high (in a bearish trend) or previous candle low (in a bullish trend). If the candle wicks out the previous candle, it's not a valid pullback.
Pullback must liquidate the previous candle with a clean candle body close.
When this indicator is useful?
It's useful to understand and spot potential key levels, where you can expect the reaction of the price.
Examples how you can use valid pullbacks:
Identify supply and demand zones
Spot key levels for support and resistance
Use as anchor points for trendlines
This indicator is a valuable guideline to spot the important swing points in trending market.
Timeframes and symbols
Pullback viewer can be used regardless of the timeframe you are using, or symbol that you are trading.
Release Notes
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Pullback Viewer is designed to show valid pullback points in a bearish or bullish trend .
What is considered a valid pullback?
A valid pullback needs to have a body close outside the previous candle high (in a bearish trend ) or previous candle low (in a bullish trend ). If the candle wicks out the previous candle, it's not a valid pullback.
Pullback must liquidate the previous candle with a clean candle body close.
When this indicator is useful?
It's useful to understand and spot potential key levels, where you can expect the reaction of the price.
Examples how you can use valid pullbacks:
Identify supply and demand zones
Spot key levels for support and resistance
Use as anchor points for trendlines
This indicator is a valuable guideline to spot the important swing points in trending market.
Timeframes and symbols
Pullback viewer can be used regardless of the timeframe you are using, or symbol that you are trading.
Release Notes
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Added bullish and bearish labels for shapes.
Release Notes
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Added the ability to create alerts for bullish and bearish pullbacks.
Code was provided by Clerith#2216 (Discord) ❤️
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1. Click ALERT at the top of the chart (or right click the chart, and click create alert) 2. Select "Condition" to be "Pullback Viewer" 3. Select whether you want "Bearish Pullback" or "Bullish Pullback" 4. Select how often you want the alert to be shown 5. Enjoy
Release Notes
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Updated the code to show the pullbacks when the market creates gaps.
Release Notes
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Added the ability to select whether you want to display every pullback point, or just the last pullback point of its type in the range.
Inside of the settings you can select the type of the pullbacks you want to see.
Every pullback
Structure pullbacks
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Please note - the style of the pullbacks are slightly different. The structural pullbacks are represented as arrows. This is the smallest size they can be displayed in.
This indicator is absolutely GOATED! I used to map strict structure like this manually! Thank you so much for making this!
If you ever go back to the Pinescript, a IMMENSELY helpful option/tweak would be to move successive repeat red/green markers up the chain until an inverse is printed. Then it can clearly display the true HI/LO structure with single red/green alternating dots. That would be PHENOMENAL!
Keep it up!
strimaitis
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@Ciscq1, glad you like it!
I looked into this, but unfortunately once the shape is plotted in TradingView, it can't be deleted
Clever7rading
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Can you also add the abbility to show the BOS on the given TF?
pencai04
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Thank you for this wonderful indicator. Is there a way that I could switch the signals from shapes to letters? Please add this functionality or can I edit this on Pinescript manually? May God bless you for sharing this indicator!
ketangandhi318
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Hello, love this indicator i wanted to know if you're interested in sharing the source code for this indicator. looking forward to your reply :)
If you ever go back to the Pinescript, a IMMENSELY helpful option/tweak would be to move successive repeat red/green markers up the chain until an inverse is printed. Then it can clearly display the true HI/LO structure with single red/green alternating dots. That would be PHENOMENAL!
Keep it up!