Indicador Pine Script®
Candle
BASCOOL_LibBASCOOL Library v1
Range–Body Structure Analysis Toolkit for Intraday Trading
The BASCOOL Library provides high-quality, reusable Pine Script components for structural conviction analysis based purely on price action. It is designed for intraday traders who rely on volatility-adjusted range expansion and candle-body efficiency to identify strong, weak, or choppy market conditions.
Included Functions
rbm_from_ohlc() – Range–Body Measure (RBM)
A volatility-normalized structure indicator that evaluates:
Range Expansion:
Smooth EMA of (High–Low), normalized by ATR
→ captures strength of movement relative to volatility
Body Efficiency:
Body-to-Range ratio smoothed with EMA
→ measures how much of the candle’s range is “directional”
The RBM output is a smooth structural strength score typically between 0 and 1, where:
High RBM → strong structure, clean movement, trend-friendly conditions
Low RBM → compressed ranges, weak bodies, low-quality structure
Flat RBM → choppy environment, avoid directional trades
Biblioteca Pine Script®
HTF Candle Dynamics [LuxAlgo]The HTF Candle Dynamics indicator provides traders with a comprehensive view of Higher Timeframe (HTF) price action and volume distribution directly on their lower timeframe charts. By projecting the current developing HTF candle and its internal volume characteristics to the right of the price, users can maintain high-level context without switching tabs.
Note: Ensure the chart timeframe is lower than the selected HTF setting for the indicator to function correctly.
🔶 USAGE
This tool is designed to bridge the gap between execution timeframes and higher-level market structures. It is particularly useful for scalpers and day traders who need to stay aware of Daily or Weekly levels while trading on 1-minute or 5-minute charts.
🔹 HTF Candle Projection
Visualizes the current HTF period (e.g., Daily, Weekly) as a dynamic candle on the right side of the chart. It includes projections for the HTF Open, High, Low, and Close levels. These levels often act as significant psychological barriers where price might find support or resistance.
🔹 Intraday Volume Profile
Generates a volume profile specifically for the current HTF period. This allows traders to see where the most volume is being transacted within the developing candle. Identifying "High Volume Nodes" within the current HTF candle can signal where institutional interest is concentrated.
🔹 Dynamic POC Tracking
A polyline tracks the movement of the Point of Control (POC) throughout the HTF period, showing how the most traded price level has shifted over time. If the POC is trending upward alongside price, it confirms a healthy bullish trend; if price moves away from a static POC, it might indicate a potential mean reversion back to that high-volume level.
🔹 How to Use
Traders can utilize this indicator to align their intraday trades with the broader market direction:
Identifying Value : Use the Intraday Volume Profile to spot the Point of Control. If the price is trading above the POC, the market is currently in a premium zone for that HTF. If it is below, it may be considered "discounted" relative to the volume transacted so far.
Breakout Confirmation : When price breaks the High or Low of the projected HTF candle, traders look for volume expansion within the profile to confirm if the breakout has significant participation.
Mean Reversion : The Dynamic POC line acts as a magnet. If price overextends significantly from the POC line, traders often look for signs of exhaustion to play a move back toward the high-volume area.
🔶 DETAILS
The indicator uses security calls to fetch historical HTF data while calculating the current developing period in real-time. A dedicated status table ensures the selected HTF is valid relative to the chart timeframe to prevent calculation errors.
🔹 History Dashboard
The dashboard provides a statistical breakdown of the previous three HTF candles (T-1, T-2, T-3). This is crucial for "Contextual Trading." By seeing the OHLC values and Volume Delta of the previous periods, you can determine if the market is experiencing "Expansion" (increasing volume and candle size) or "Contraction" (decreasing volume and tighter ranges).
🔹 Volume Delta
The Volume Delta shown in the history dashboard is an approximation calculated by summing volume based on the direction of individual intraday candles.
🔶 SETTINGS
HTF Setting : Defines the timeframe for the candle projection and volume profile (default is "D").
Right Offset : Adjusts the horizontal position of the projected candle and labels to avoid overlapping with price.
Visuals : Full control over bullish/bearish colors, POC lines, and projection offsets.
Volume Profile : Toggle the profile visibility and customize the number of rows or the maximum width of the bars.
History Dashboard : Toggle the history dashboard and adjust its position (Top Right, Bottom Right, etc.) or size.
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HTF PO3 [LuxAlgo]The HTF PO3 indicator is a professional visualization tool designed to project Higher Timeframe (HTF) Power of 3 (Accumulation, Manipulation, Distribution) price action directly onto your current chart by "grid-locking" HTF candle structures to the price scale.
🔶 USAGE
The indicator is primarily used by SMC (Smart Money Concepts) and Price Action traders to identify the state of a higher timeframe candle without switching charts. By projecting the HTF candle into the right margin, traders can observe the development of the Open, High, Low, and Close (OHLC) in real-time.
🔹 Mapping & Origin Lines
A standout feature of this tool is the direct mapping system. Dashed lines originate from the exact lower timeframe (LTF) bars that established the HTF Open, High, and Low. This allows you to see precisely where the "Manipulation" (wick) and "Accumulation" (body) phases occurred within the HTF cycle.
🔹 Running Volume Delta
Below each projected candle, the indicator displays the "Running Delta." This calculates the cumulative difference between buying and selling volume (based on bar polarity) throughout the HTF period, providing an extra layer of confluence for directional bias.
🔶 DETAILS
The indicator is engineered to be "grid-locked" to the chart's native coordinate system. Unlike standard overlays that might appear to "float," this tool uses absolute price and bar index anchoring.
Vertical Synchronization : The HTF candle wicks and bodies are tied to the Y-axis. If you stretch or compress the price scale, the projected candle scales perfectly in sync with your chart.
Horizontal Anchoring : Mapping lines are pinned to the specific bar_index where levels were created, ensuring they stay "glued" to the correct candles even when scrolling or zooming.
Projection Logic : The tool projects the current forming candle and a customizable number of previous candles into the future space (right offset), keeping your main workspace clean.
🔶 SETTINGS
🔹 Higher Timeframe Settings
HTF Timeframe : Sets the timeframe for the projected candles (e.g., 60m, 4H, Daily).
Candles to Show : Determines how many historical HTF candles are projected alongside the live one.
Right Offset (Bars) : Controls how far into the right margin the projection is drawn.
🔹 Visual Style
Bullish/Bearish Color : Customizes the colors for the HTF candle bodies and wicks.
Live Body Transparency : Adjusts the opacity of the current developing candle.
Show Price Labels : Toggles the visibility of the OHLC price tags next to the live projection.
Show Running Delta : Toggles the cumulative volume delta display below the candles.
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Futures: Avg. Points Per Candle (1H look back) - Stats TableThis script will display the average movement in points per candle with a 1-hour look back period. For example, if trading on the 5-minute timeframe, this script will display how many points each candle has moved on average over the past hour. It's especially helpful when determining volatility and when to size up or down.
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Daily Candle - Right SideDaily candle on chart to see open and volume for the day no matter what chart your on
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HTF Candle Projections [LuxAlgo]The HTF Candle Projections indicator projects recent and current higher timeframe candles onto the right side of the chart, providing a clear visualization of macro trends and internal candle composition.
🔶 USAGE
The tool is designed to bridge the gap between lower timeframe execution and higher timeframe context. By projecting HTF candles into the future space (right of the current bar), traders can maintain a clear perspective on the larger trend without constantly switching tabs.
🔹 HTF Trend Alignment
Traders can use the projected candles to ensure their lower timeframe (LTF) entries align with the broader market direction. For instance, a scalp trader might only look for long setups if the current projected Daily candle is bullish. This "Top-Down" filter helps traders avoid "fighting the trend" by providing a constant visual reminder of the HTF candle's polarity and momentum.
🔹 Anticipating Reversals & Level Origins
The indicator includes connection lines that trace back from the projected HTF wicks to the exact LTF bars that established the High and Low of that period. This allows traders to pinpoint the specific price action or "order block" responsible for the HTF extrema. If price returns to the origin of an HTF wick, traders can watch for a reaction, as these levels often represent areas of significant supply or demand.
🔹 Internal Sentiment Divergence
A unique feature of this script is the "Internal Sentiment Bars." These small bars inside the HTF candle body show the ratio of bullish vs. bearish LTF bars that make up that specific HTF candle.
If a bullish HTF candle has a high bearish sentiment bar, it suggests a "weak" or "grinding" trend where sellers are actively fighting the move, potentially signaling exhaustion.
Conversely, if the sentiment bars align strongly with the HTF candle direction (e.g., a bullish candle with almost entirely bullish sentiment), it indicates a high-conviction "power move" with little resistance.
🔹 Range Play & Breakouts
The indicator highlights the absolute highest high and lowest low of the entire projected sequence with solid connection lines. These lines define the current HTF trading range. Traders can use these boundaries to identify mean reversion opportunities within the range or to prepare for high-probability breakout trades once price moves beyond these absolute levels.
🔹 Visualizing Wick Development
By observing the live development of the current HTF candle, traders can see "wicking" behavior as it happens. If the current price is far from the HTF high but the connection line remains anchored there, it visually confirms a rejection from that level. This real-time feedback is crucial for identifying if an HTF candle is closing as a "Pin Bar" or "Shooting Star" before the timeframe actually expires.
🔶 DETAILS
The script uses a custom data structure to track the Open, High, Low, and Close of the selected timeframe. It also tracks the specific bar index of the highs and lows to draw the connection lines accurately. The absolute high and low of the entire projected sequence are highlighted with solid lines to identify the "Range High" and "Range Low" of the projected window.
🔶 SETTINGS
HTF Timeframe: Sets the higher timeframe to be projected (e.g., Daily, Weekly, Monthly).
Candle Width (Bars): Determines how many bars wide each projected candle appears on the right side of the chart.
Gap Between Candles: Sets the horizontal spacing between the projected HTF candles.
Number of HTF Candles: The total number of candles to project (previous completed candles + current live candle).
Show Internal Sentiment Bars: Toggles the visibility of the internal bull/bear composition bars.
🔹 Colors
HTF Bull/Bear Body: Adjusts the colors and transparency of the main projected candle bodies.
Sentiment Bull/Bear: Sets the color for the internal composition bars (ratio of LTF closes).
Wick Color: Customizes the color of the projected candle wicks.
Connection Line: Sets the color for the dotted lines connecting HTF wicks to their LTF origins.
Absolute High/Low Connection: Sets the color for the solid lines marking the highest and lowest points of the projected set.
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Wick Ranges (GG)Simple data box that tracks candle wick largest, smallest, and average sizes by price within specified time ranges. Displays labels for upper and lower wicks of current candle.
Helpful if your entry model is entering on the close/open of momentum candles.
-GG
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RSI Level Candles [fmb]RSI Level Candles
What it is
RSI Level Candles is a minimal, high-signal overlay that keeps your attention on price. It paints candles by RSI regime and adds tiny edge dots to highlight extreme momentum. The design goal is speed and clarity with no clutter.
Why it was built
Most RSI tools sit in a separate pane and introduce noise with extra lines, labels, and overlapping thresholds. This indicator moves the information onto price itself. You see regime directly on the candles and only the most important alerts when RSI is in extreme territory.
What it does
Candles change color according to RSI. Above the neutral high (default 60) they turn green. At the high extreme (default 70, or 80 if you prefer) they turn lime. Between 40 and 60 you may show a soft yellow neutral band or leave candles unpainted. Below the neutral low (default 40) candles turn red, and at or below the low extreme (default 30, or 20 if you prefer) they turn maroon. The indicator also prints small dots at the top and bottom of the pane to spotlight extremes. A green dot appears at the top on any bar with RSI at or above the high extreme. A red dot appears at the bottom on any bar with RSI at or below the low extreme.
How this helps
You get an instant read on momentum regime without leaving the price chart. Extremes are easy to spot which helps manage chase or exhaustion risk. The neutral band behavior helps distinguish trend days from range days and supports cleaner add or trim decisions within an existing trend.
Best practices
Treat 60 and 40 as momentum gates. Above 60 favors a long bias and additive entries on pullbacks. Below 40 favors a defensive posture on longs or a short bias. Use extremes for management rather than automatic reversal calls. In strong trends RSI can remain extreme for extended periods. Look for a change in market structure or a clear reclaim of 60 or 40 before shifting bias. Combine this overlay with simple structure and trend filters such as support and resistance, a 20 or 50 period moving average, and volume or volatility context.
Inputs
You can set RSI source and length, choose neutral low and high, and choose extreme low and high. The neutral band can be shown in soft yellow between 40 and 60 or turned off entirely. You can also toggle candle painting on or off if you only want the extreme dots.
Reading the colors
Lime indicates the extreme bullish zone. Green indicates bullish momentum. Yellow indicates the optional neutral band. Red indicates bearish momentum. Maroon indicates the extreme bearish zone. A small green dot at the top means the bar is in the high extreme. A small red dot at the bottom means the bar is in the low extreme.
Use cases
For trend following, stay aligned with the prevailing regime while avoiding overreactions to small fluctuations. For swing entries, buy pullbacks while RSI holds above 40 in uptrends, and fade bounces that stall under 60 in downtrends. For risk control, trim strength that pushes into extremes and stalls, then re-add on momentum reclaims.
Limitations
RSI measures momentum, not direction by itself. Do not use it in isolation. Extremes can persist during strong trends, so wait for structure or momentum re-tests before changing bias. Very illiquid symbols can create noisy signals.
Notes
Dots are designed to appear on every bar that sits inside the extreme zones. If you prefer single entry dots, change the logic to look for crosses rather than conditions. There is no separate RSI pane, no text labels, and no cross markers. The objective is simplicity and speed.
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My Candle (HTF Overlay)
This indicator overlays Higher Timeframe (HTF) candles, such as Daily or Weekly, onto your current chart background. It allows you to grasp the larger trend while trading on lower timeframes.
- Accurate Historical Data: By utilizing "lookahead", this script ensures that the High and Low of the HTF candles align perfectly with the price action on historical charts.
- Gap Filling: Includes an option to fill data gaps for a smoother visual experience.
- Customization: You can easily change the timeframe and adjust the transparency of colors to suit your chart theme.
1. Add to the chart.
2. Open settings to select your target timeframe (e.g., "1 Day" or "1 Week").
3. Adjust the "Gap" and "Transparency" settings as needed.
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Untested Wickless LevelsUntested Wickless Levels
Overview
Untested Wickless Levels is a specialized price-action tool designed to identify and track "Wickless Candles"—bars where the price opens or closes at the absolute high or low of the candle with zero (or negligible) wick.
In technical analysis, a wickless candle often represents strong, institutional conviction. When a level is created without a wick and remains "untested" (price has not yet returned to pierce that specific coordinate), it often acts as a significant magnet for future price action or a zone of hidden support/resistance.
How It Works
The indicator scans every candle for a "Shaved" top or bottom.
Resistance (No Upper Wick): Created when the high of the candle is equal to the Open or Close. This suggests aggressive selling or a "ceiling" that hasn't been contested yet.
Support (No Lower Wick): Created when the low of the candle is equal to the Open or Close. This suggests aggressive buying or a "floor."
Once a level is identified, the script draws a horizontal line that automatically extends until price action eventually "tests" or breaks the level. Once the level is breached, the line is removed to keep your chart clean and focused only on active, high-probability zones.
Key Features
Automatic Level Extension: Lines track across your chart indefinitely until they are mitigated by price.
Wick Tolerance Setting: Crypto and Forex markets often have "micro-wicks" due to spread. The Wick Tolerance input allows you to include levels that have a 1 or 2 tick margin of error.
Non-Repainting: Signals are confirmed on candle close, ensuring the levels you see are permanent until broken.
Clean Visuals: Fully customizable colors, line styles (Solid, Dashed, Dotted), and widths.
How to Use
Target/Magnet: Use untested wickless levels as potential targets for take-profits, as price frequently returns to "fill" these efficient moves.
S/R Zones: Treat long-standing untested lines as strong areas for potential reversals or entries.
Breakout Confirmation: If price approaches a wickless resistance and fails to break it, it confirms the strength of the original move.
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StO Price Action - Level ReactionShort-Summary
- Multi-timeframe reaction indicator for M5, M15, M30, H1, H4
- Monitors price interaction with higher timeframe levels (Daily, Weekly, H4)
- Detects whether price touches or breaks choosen levels
- Fully configurable colors, visibility and alerts per timeframe and level type
Full Description
Overview
- Tracks market reaction on significant levels across multiple timeframes
- Designed to identify intraday reactions to higher timeframe structure
- Supports both bullish and bearish reactions, with separate visual cues
- Alerts can be enabled to notify traders of touches or breaks
Core Logic
- Choice between detecting a touch or a break of the level
- Configurable reference level: Open, High or Low
- Lookback period can be set to target specific levels from previous candles
Timeframe Reactions
- Supported intraday reaction timeframes: M5, M15, M30, H1, H4, Daily, Weekly
- Each reaction type can be individually toggled for display
- Bullish and bearish reactions have separate color settings
- Alerts configurable per timeframe and reaction type
Alerting
- Alerts can be triggered for touches or breaks
- Supports separate alerts for each timeframe and each direction (bull/bear)
- Useful for real-time monitoring of key level interactions
Notes
- Intended as a market reaction tool not a standalone entry signal
- Helps traders confirm if price respects or violates higher timeframe levels
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StO Price Action - Impulse CandleShort Summary
- Highlights impulse candles based on relative momentum
- Compares current or previous closed candles against prior price movement
- Uses a configurable momentum factor to filter significant impulses
- Designed to make strong directional candles visually stand out
Full Description
Overview
- Identifies impulse candles with strong momentum
- Focuses on candle-to-candle expansion rather than trend or structure
- Intended to visually emphasize moments of acceleration in price
- Works as a complementary tool to price action and volatility analysis
Impulse Candle Logic
- Impulse candles are detected by comparing the current candle range to previous candles
- A candle is considered an impulse when its range exceeds prior movement by a defined factor
- The comparison basis can be (current forming Candle, previous fully closed Candle)
Momentum Factor
- The momentum factor defines how much stronger a candle must be compared to earlier candles
- Higher values filter out smaller moves and highlight only extreme impulses
- Lower values allow more frequent impulse detection
- Helps adapt the indicator to different instruments and volatility regimes
Range Calculation
- Two range calculation modes are available:
- Open / Close (Body range):
- Measures body-based momentum
- Focuses on directional conviction
- High / Low (Candle range):
- Measures full volatility expansion
- Includes wicks and intrabar extremes
Visualization
- Impulse candles are highlighted using a customizable bar color
- Designed to remain minimal and unobtrusive
Alerts
- Optional alert can be enabled after detected impulse candles
- Useful for monitoring momentum shifts without constant screen time
Usage
- Suitable for breakout detection and momentum confirmation
- Helps identify volatility expansion phases
- Can be used for entry timing or trade management
Notes
- This indicator does not predict direction on its own
- Impulse candles may occur in both trending and ranging markets
- Best used in combination with structure, levels or higher-timeframe context
- Momentum thresholds should be adjusted per market and timeframe
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StO Price Action - Daily Outside BarShort Summary
- Outside Bar indicator with multiple range calculation algorithms
- Highlights where the current range fully engulfs the previous
- Works with Daily candles in Daily, H4, and H1 timeframes only
- Highlights the current bar when it engulfs the previous bar according to the selected method
Full Description
Overview
- Identifies bars where the current period's range fully engulfs the prior period's range
- Offers three algorithms for defining the engulfing range:
- High/Low: uses absolute high and low values
- Open/Close: considers candle direction (bull/bear) and compares opens and closes
- Open/Close II: stricter version with exclusive inequalities for engulfing
- Engulfing behavior is detected automatically and highlighted for easy recognition
- Works on multiple markets but restricted to D, H4, and H1 charts for accuracy
Controls
- Year lookback (YLB) configurable to filter older bars
- Custom background color for highlighting Outside Bars
- Simple toggle interface with minimal chart clutter
Visual Representation
- Highlights engulfing bars with configurable background color
- Color transparency adjustable for clarity
Usage
- Use to identify strong market momentum or potential reversals
- Helps spot high-probability setups based on engulfing price action
Notes
- Only compatible with Daily, H4, and H1 timeframes
- Non-repainting: once an Outside Bar is drawn, it will not adjust retroactively
- Best used as a market structure reference not a direct trade signal
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Candle Pip SizeThis script shows previous candle close to low for bullish candles and close to high for bearish candles.
It also shows for current candle price to low for bullish candles and current candle price to high for bearish candles.
It's useful for calculating the stop loss risk.
Change Pip/Tick size input based on the pair (e.g. 1 MNQ, 0.1 USD/JPY)
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Crypto Accumulation Candle FinderThis indicator give you long entry signal to dectect MM's entry time.
it's recommended to use it in 5min. time frame.
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Nooner's Heikin-Ashi/Bull-Bear CandlesCandles are colored red and green when Heikin-Ashi and Bull/Bear indicator agree. They are colored yellow when they disagree.
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Daily Candle by NatantiaIntroduction to the Daily Candle Indicator
The Daily Candle Indicator is a powerful and customizable tool designed for traders to visualize daily price action on any chart timeframe.
This Pine Script (version 5) indicator, built for platforms like TradingView, overlays a single candle representing the day's open, high, low, and close prices, with options to adjust its appearance and session focus.
Key Features:
Customizable Appearance: Users can set the colors for bullish (default green) and bearish (default white) candles, as well as the wick color (default white). The horizontal offset and candle thickness can also be adjusted to fit the chart layout.
Dynamic Updates: The candle updates on the last bar, with wicks drawn to reflect the daily high and low, providing a clear snapshot of the day's price movement.
This is the same version as before, but we had to republish it because the chart contained other indicators, which violated the publication rules. We apologize for the inconvenience.
Have a nice trades!
-Natantia
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Renko BandsThis is renko without the candles, just the endpoint plotted as a line with bands around it that represent the brick size. The idea came from thinking about what renko actually gives you once you strip away the visual brick format. At its core, renko is a filtered price series that only updates when price moves a fixed amount, which means it's inherently a trend-following mechanism with built-in noise reduction. By plotting just the renko price level and surrounding it with bands at the brick threshold distances, you get something that works like regular volatility bands while still behaving as a trend indicator.
The center line is the current renko price, which trails actual price based on whichever brick sizing method you've selected. When price moves enough to complete a brick in the renko calculation, the center line jumps to the new brick level. The bands sit at plus and minus one brick size from that center line, showing you exactly how far price needs to move before the next brick would form. This makes the bands function as dynamic breakout levels. When price touches or crosses a band, you know a new renko brick is forming and the trend calculation is updating.
What makes this cool is the dual-purpose nature. You can use it like traditional volatility bands where the outer edges represent boundaries of normal price movement, and breaks beyond those boundaries signal potential trend continuation or exhaustion. But because the underlying calculation is renko rather than standard deviation or ATR around a moving average, the bands also give you direct insight into trend state. When the center line is rising consistently and price stays near the upper band, you're in a clean uptrend. When it's falling and price hugs the lower band, downtrend. When the center line is flat and price is bouncing between both bands, you're ranging.
The three brick sizing methods work the same way as standard renko implementations. Traditional sizing uses a fixed price range, so your bands are always the same absolute distance from the center line. ATR-based sizing calculates brick range from historical volatility, which makes the bands expand and contract based on the ATR measurement you chose at startup. Percentage-based sizing scales the brick size with price level, so the bands naturally widen as price increases and narrow as it decreases. This automatic scaling is particularly useful for instruments that move proportionally rather than in fixed increments.
The visual simplicity compared to full renko bricks makes this more practical for overlay use on your main chart. Instead of trying to read brick patterns in a separate pane or cluttering your price chart with boxes and lines, you get a single smoothed line with two bands that convey the same information about trend state and momentum. The center line shows you the filtered trend direction, the bands show you the threshold levels, and the relationship between price and the bands tells you whether the current move has legs or is stalling out.
From a trend-following perspective, the renko line naturally stays flat during consolidation and only moves when directional momentum is strong enough to complete bricks. This built-in filter removes a lot of the whipsaw that affects moving averages during choppy periods. Traditional moving averages continue updating with every bar regardless of whether meaningful directional movement is happening, which leads to false signals when price is just oscillating. The renko line only responds to sustained moves that meet the brick size threshold, so it tends to stay quiet when price is going nowhere and only signals when something is actually happening.
The bands also serve as natural stop-loss or profit-target references since they represent the distance price needs to move before the trend calculation changes. If you're long and the renko line is rising, you might place stops below the lower band on the theory that if price falls far enough to reverse the renko trend, your thesis is probably invalidated. Conversely, the upper band can mark levels where you'd expect the current brick to complete and potentially see some consolidation or pullback before the next brick forms.
What this really highlights is that renko's value isn't just in the brick visualization, it's in the underlying filtering mechanism. By extracting that mechanism and presenting it in a more traditional band format, you get access to renko's trend-following properties without needing to commit to the brick chart aesthetic or deal with the complications of overlaying brick drawings on a time-based chart. It's renko after all, so you get the trend filtering and directional clarity that makes renko useful, but packaged in a way that integrates more naturally with standard technical analysis workflows.
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CFR - Candle Formation RatioDescription
This indicator is designed to detect candles with small bodies and significant wick-to-body ratios, often useful for identifying doji-like structures and potential accumulation areas.
Features
Filter candles by maximum body size (% of the total candle range).
Require that wicks are at least X times larger than the body.
Define the position of the body within the candle (e.g., body must be between 40% and 60% of the candle height).
Visual output: a single arrow marker when conditions are met.
Fully customizable marker color and size.
⚠️ Note: The settings of this version are currently in Turkish. An English version of the settings will be released in the future.
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Volume Spread Candle█ Overview
Volume Spread Candle is a Solid tool for VSA (Volume Spread Analysis).
█ Setting
please put on VSCandle above the candle chart.
█ Features
Candle color reflect volume size.
Back ground color reflect Spread size.
Warning Volume is relatively large volume compared to the Volume flow (up volume MA - down volume MA).
Yellow square mark appears when Warning volume.
Volume Density is Volume / Spread.
Yellow circle mark appears when large Volume Density.
█ Usage
Abnormal Volume and Spread hint what about to happen.
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Alert N seconds before candle closeThe indicator alerts about the closing of the candle in N seconds.
Instruction:
1. Add an indicator
2. Specify the time in the indicator settings
3. Alt+A, Condition - choose indicator
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HTF Candles HTF Candles
Features
• 1-minute, 5-minute, 1-hour, 4-hour, and previous-day daily candles
• Visualizes the remaining time and number of candles from the lower timeframe that form the next higher-timeframe candle.”
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