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Supprotandresistance

Decision point boxes [LM]Hello traders, I would like to introduce you decision point boxes study. The idea is the same as the pivots looking left and right some count of candles that has to be either up or down candle the only difference from pivots is that I'm only looking for consecutive up or down candle and in between them one candle that is oposite stance than surounding also candle has to have by default 50% or greater of wicks than body which mean market has done some decission at this candle. Example of up candles and decision down candle: Example of down candles a decision up candle: Hope you will enjoy it
Pine Script® indicator
by lmatl
Updated
88

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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