OPEN-SOURCE SCRIPT
Updated Visible Range Streaks of Unbroken Prior Highs/Lows [vnhilton]
(OVERVIEW)
This indicator keeps track of the number of unbroken prior highs/lows (unbroken being no price closes above/below the prior high/low). Great for entries and take profits. The indicator calculates on visible bars for convenience when looking back into the history without having to use bar replay, which those on the TradingView free plan cannot use intraday bar replay, so the visible range is a perfect work-around. The 2 minute chart above shows
NKLA on Thursday 13th July, 2023, with a significant level of $1.5 leading to a breakout. Streaks lower than 10 were hidden in the chart.
(FEATURES)
- Custom minimum streak size to start displaying plots (the smaller the size the more signals)
- Ability to show/hide numbers (that keep count of unbroken streaks), text signals (for when a streak is broken), break shapes (where the prior high/low was broken), and Zig Zag (lines between break shapes)
- Customisable Zig Zag line width, style, and colours (1 colour for a positive gradient line, and another for a negative gradient line)
- Customisable text signal text
- Customisable numbers, text signal, break shape, number label & text signal label colours
- Customisable number label, text signal label and break shape styles and sizes (number and text signal label share the same size)
This indicator keeps track of the number of unbroken prior highs/lows (unbroken being no price closes above/below the prior high/low). Great for entries and take profits. The indicator calculates on visible bars for convenience when looking back into the history without having to use bar replay, which those on the TradingView free plan cannot use intraday bar replay, so the visible range is a perfect work-around. The 2 minute chart above shows
NKLA on Thursday 13th July, 2023, with a significant level of $1.5 leading to a breakout. Streaks lower than 10 were hidden in the chart.(FEATURES)
- Custom minimum streak size to start displaying plots (the smaller the size the more signals)
- Ability to show/hide numbers (that keep count of unbroken streaks), text signals (for when a streak is broken), break shapes (where the prior high/low was broken), and Zig Zag (lines between break shapes)
- Customisable Zig Zag line width, style, and colours (1 colour for a positive gradient line, and another for a negative gradient line)
- Customisable text signal text
- Customisable numbers, text signal, break shape, number label & text signal label colours
- Customisable number label, text signal label and break shape styles and sizes (number and text signal label share the same size)
Release Notes
- Added toggle to count wicks as streak breaks. This has the benefit of not exiting or entering too late/far, at the expense of streaks ending earlier and more wick fake-outs.Indicator with wicks counted as streak breaks. Example can be seen in the orange circle drawing.
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.