Created
August 18, 2018 18:18
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Bar analyzing Indicator for TradingView from Real-Crypto
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//@version=3 | |
study("BarTzar", overlay=true) | |
//Variables to get percentage open/close | |
breadth = high - low //this is the bar range | |
closeBreadth = close - low // this is the closing | |
barCloseBreadth = closeBreadth / breadth | |
//supDayThresh = input(40, minval=0, maxval=100, title="Threshold for support") | |
volAvg = input(50,minval=1,title="Number of bars", type=integer) | |
volAvgX = input(1.4, title="Breakout Volume Threshold %") | |
upBar = close > open | |
downBar = open > close | |
higherVolume = volume > 2*volume[1] | |
sellingWick = barCloseBreadth < .4 // (high-close > close-low) | |
buyingWick = barCloseBreadth > .6 //(high-close <= close-low) | |
avgVolMult = volAvg * volAvg | |
avgVolume = sma(volume,avgVolMult) | |
highVolume = volume > (avgVolume*2) | |
insideBar = high < high[1] and low > low[1] | |
//plotshape(close, title="1", locationlocation.belowbar) | |
//plotshape(supportDay, title="Support Day", color=green, style=shape.arrowup, location=location.belowbar, text="SupportDay") | |
//plotshape(upBar, title="Up", color=green, style=shape.arrowup, location=location.belowbar, text="Up") | |
bullishEngulfingData=(high > high[1] and low < low[1] and upBar and higherVolume) | |
plotshape(bullishEngulfingData, title="Bullish Engulfing", color=green, style=shape.arrowup, location=location.belowbar, text="BULL") | |
bearishEngulfingData=(high > high[1] and low < low[1] and downBar and higherVolume) | |
plotshape(bearishEngulfingData, title="Bearish Engulfing", color=fuchsia, style=shape.arrowdown, location=location.abovebar, text="BEAR") | |
//******************************Buying and Selling Pressure*************************** | |
selling=((volume > avgVolume) and sellingWick and volume > volume[1] and volume > volume[2] and not insideBar) | |
plotshape(selling, title="Selling Bar", color=red, style=shape.arrowdown, location=location.abovebar, text="Selling") | |
buying=((volume > avgVolume) and buyingWick and volume > volume[1] and volume > volume [2] and not insideBar) | |
plotshape(buying, title="Buying Bar", color=green, style=shape.arrowup, location=location.belowbar, text="Buying") | |
//define what close the low is, then see if volume is a factor while testing | |
//reversal=(high > high[1] and close ) | |
//plotshape(buying, title="Reversal bar", color=red, style=shape.square, location=location.abovebar, text="Reversal") | |
//******************************Topping Candles ************************************* | |
//topping=(high > high [1] and upBar and highVolume) | |
//plotshape(topping, title="Topping Signal", color=red, style=shape.triangledown, location=location.abovebar, text="Topping") | |
//Potential Areas to move | |
//lowVolume = (volume < (avgVolume/2) and volume[1] < volume [2] and volume < volume[1] and (volume < (avgVolume/4))) | |
//plotshape(lowVolume, title="Low Volume Alert", color=yellow, style=shape.circle, location=location.abovebar, text="Low Volume") | |
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