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Contraction Levels

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A contraction candle is a candle whose body engulfs both left and right candlesticks' bodies. This indicator shows those contraction candlestick patterns which consists of successive candles. Then draws a horizontal level line to its defined % of its body size and also draws +/- filter lines which are shown as dashed lines, also with an option to define those filters' percentage.

Bullish Contraction:
Whenever a new candle closes above the maximum high of 3 contraction candles pattern, that contraction is called bullish contraction and its lines are shown as green lines ( you can change the color as well)

Bearish Contraction:
Whenever a new candle closes below the maximum low of 3 contraction candles pattern, that contraction is called bearish contraction and its lines are shown as red lines ( you can change the color as well)
Sürüm Notları
Options to show/hide:
- Contraction Candles
- Center Lines
- Filter Lines
Sürüm Notları
Colors all 3 contraction candles instead of last candle
Sürüm Notları
Added Alerts and their options to show/hide for:
- New contraction candle
- New bullish and breakout
- Cross for center line and +/- filter lines
Sürüm Notları
Fixed a bug in breakout alerts
Sürüm Notları
Added some details to comments
Sürüm Notları
Fixed some bug about barstate for contraction bars

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.