OPEN-SOURCE SCRIPT
Updated Enhanced S/D Boring‑Explosive [v6]
How to Use the Indicator
Boring Candle:
Yellow diamond below bar. Marks consolidation near S/D lines—watch for a breakout.
Explosive Candle:
Orange bar color and triangle above. Signals a potential move—entry on close (directional, filtered by MA).
Supply/Demand Zones:
Red (resistance/supply) and Lime (support/demand) dotted lines.
Look for signals near these levels.
Multi-TF Panel:
Label at top shows higher time frame status (Explosive/Boring/Neutral). Use for confluence.
Trading Logic Example:
Entry:
Buy: After a boring candle above EMA and near demand, next bar closes above boring high and EMA (explosive).
Sell: Opposite.
Stop-loss:
Below/above the boring candle wick or nearest S/D zone.
Take Profit:
Fixed RR, or at next S/D level.
Boring Candle:
Yellow diamond below bar. Marks consolidation near S/D lines—watch for a breakout.
Explosive Candle:
Orange bar color and triangle above. Signals a potential move—entry on close (directional, filtered by MA).
Supply/Demand Zones:
Red (resistance/supply) and Lime (support/demand) dotted lines.
Look for signals near these levels.
Multi-TF Panel:
Label at top shows higher time frame status (Explosive/Boring/Neutral). Use for confluence.
Trading Logic Example:
Entry:
Buy: After a boring candle above EMA and near demand, next bar closes above boring high and EMA (explosive).
Sell: Opposite.
Stop-loss:
Below/above the boring candle wick or nearest S/D zone.
Take Profit:
Fixed RR, or at next S/D level.
Release Notes
How to Use the IndicatorBoring Candle:
Yellow diamond below bar. Marks consolidation near S/D lines—watch for a breakout.
Explosive Candle:
Orange bar color and triangle above. Signals a potential move—entry on close (directional, filtered by MA).
Supply/Demand Zones:
Red (resistance/supply) and Lime (support/demand) dotted lines.
Look for signals near these levels.
Multi-TF Panel:
Label at top shows higher time frame status (Explosive/Boring/Neutral). Use for confluence.
Trading Logic Example:
Entry:
Buy: After a boring candle above EMA and near demand, next bar closes above boring high and EMA (explosive).
Sell: Opposite.
Stop-loss:
Below/above the boring candle wick or nearest S/D zone.
Take Profit:
Fixed RR, or at next S/D level.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.