This TradingView script marks stocks or candles where the Opening Price equals the Highest Price during the specified time frame (e.g., daily, hourly). It is commonly used by traders to identify bearish signals since such patterns may indicate selling pressure or resistance at the opening level.
Features:
Highlight Open=High Condition:
Marks candles with a specific color or label where the opening price equals the high price.
Customizable Time Frames:
Allows the selection of intraday or daily time frames for monitoring the condition.
Visual Alerts:
Displays arrows, dots, or shapes above candles meeting the condition.
Alerts Notifications:
Sends alerts via pop-ups, SMS, email, or push notifications when the condition is triggered.
Multi-Time Frame Analysis (Optional):
Allows the user to select different time frames for confirming trends.
Filters for Noise Reduction:
Option to ignore small price deviations (tolerance level) to reduce false signals.