Extreme Bars

15 Tem 2022

"Extreme Bars" is a simple but useful indicator that marks overbought and oversold candles. This indicator paints candles that fall far above the average red, and the candles that rise above the average green. Of course, they can change these colors if they want. "Extreme Bars" can be interpreted in many different ways. The starting points of colored candles can often be good support or resistance. In addition, it would be wise to close the positions opposite the colored candles and to maintain the positions compatible with the colored candles. It is also possible that the gaps formed by the colored candles will be closed in the future. The sensitivity of the indicator can be changed in the settings section.

3 Eyl 2022

Sürüm Notları

it now draws a support or resistance line in the average of the bars behind the extreme bars.
example:

11 Ara 2022

Sürüm Notları

update: from now on the bars gain a certain transparency according to their volume and height. The more transparent a bar is, the less volume it has for its size, and the clearer it is, the more volume it has for its height. ie transparent bars represent low volume. Non-transparent bars are also strong support and resistance points.

17 Ara 2022

Sürüm Notları

extend and color input added.

5 Oca 2023

Sürüm Notları

max bars back added.