Strong Trend Bars (ATR-based)

This is a ChatGPT pinescript meant as an indicator for detecting strength in the market. The primary function I use it for is to decide which bars to trail a stop loss beneath.

💥 Explanation of adjustable inputs:

Bull Close Threshold (default 0.6):
If set to 0.6, bull bars must close above 60% of bar height → low + 0.6 * barHeight

Bear Close Threshold (default 0.6):
If set to 0.6, bear bars must close below 40% of bar height → high - 0.6 * barHeight

This lets you experiment with tighter or looser filters. For example:

0.7 → only bars closing near the extremes will light up

0.5 → about midpoint

0.8 → very demanding, “almost full body” bars