OPEN-SOURCE SCRIPT
Impulse Candle Tracker
👑
✝️
Title:
Impulse Candle Tracker
Description:
The Impulse Candle Tracker is a powerful tool for traders seeking to identify high-probability market momentum and supply/demand zones using a candle-based acceleration model that detects rapid price movements relative to preceding candles.
Key Features:
• Impulse Detection: Identifies bullish and bearish impulse candles by measuring strong relative price movement, highlighting genuine momentum shifts.
• Wick Analysis: Suppresses candles with dominant wicks to filter false momentum signals and focus on meaningful moves.
• Dynamic Order Blocks: Automatically generates supply (bearish) and demand (bullish) zones using a customizable number of preceding candles and adjustable duration.
• Mitigation Handling: Optionally dims or deletes mitigated and broken zones to maintain clarity on active levels.
• Customizable Visualization: Full control over colors for bullish, bearish, neutral candles, and zone fills/borders.
• Alerts: Built-in alert conditions for bullish and bearish impulses, allowing real-time reactions to market momentum.
Inputs & Settings:
• Acceleration Factor & inverse for momentum detection
• Wick Ratio Threshold for filtering weak impulses
• Candle count and duration for order block creation
• Options to show, dim, or delete mitigated/broken zones
• Full color customization for candles and zones
Usage:
This indicator helps traders:
• Identify when momentum is accelerating or slowing in real time
• Spot high-probability supply and demand zones for entries or exits
• Understand short-term market structure and price action dynamics
• Combine with other analysis techniques or strategies for trend confirmation
Technical Notes:
• The indicator works on standard OHLC charts. Non-standard chart types (Heikin Ashi, Renko, etc.) are not recommended for impulse detection.
• Backtesting or historical signals should account for realistic slippage and commissions; past impulse signals do not guarantee future results.
✝️
Title:
Impulse Candle Tracker
Description:
The Impulse Candle Tracker is a powerful tool for traders seeking to identify high-probability market momentum and supply/demand zones using a candle-based acceleration model that detects rapid price movements relative to preceding candles.
Key Features:
• Impulse Detection: Identifies bullish and bearish impulse candles by measuring strong relative price movement, highlighting genuine momentum shifts.
• Wick Analysis: Suppresses candles with dominant wicks to filter false momentum signals and focus on meaningful moves.
• Dynamic Order Blocks: Automatically generates supply (bearish) and demand (bullish) zones using a customizable number of preceding candles and adjustable duration.
• Mitigation Handling: Optionally dims or deletes mitigated and broken zones to maintain clarity on active levels.
• Customizable Visualization: Full control over colors for bullish, bearish, neutral candles, and zone fills/borders.
• Alerts: Built-in alert conditions for bullish and bearish impulses, allowing real-time reactions to market momentum.
Inputs & Settings:
• Acceleration Factor & inverse for momentum detection
• Wick Ratio Threshold for filtering weak impulses
• Candle count and duration for order block creation
• Options to show, dim, or delete mitigated/broken zones
• Full color customization for candles and zones
Usage:
This indicator helps traders:
• Identify when momentum is accelerating or slowing in real time
• Spot high-probability supply and demand zones for entries or exits
• Understand short-term market structure and price action dynamics
• Combine with other analysis techniques or strategies for trend confirmation
Technical Notes:
• The indicator works on standard OHLC charts. Non-standard chart types (Heikin Ashi, Renko, etc.) are not recommended for impulse detection.
• Backtesting or historical signals should account for realistic slippage and commissions; past impulse signals do not guarantee future results.
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.