Explosive Move

Explosive Move
Release Notes: hbjhgjhgjghj
Release Notes: //@version=3
study(title='Explosive Move', shorttitle='Explosive Move', overlay=true)

length = input(21, minval=1, title="ATR Length")
atr = rma(tr(true), length)

//momentum candles
matr = input(1.5, title="ATR muliple")
MCUp= (close > open and abs(open-close) >= atr*matr)
MCDn= (open > close and abs(close-open) >= atr*matr)

barcolor(MCUp or MCDn ? black : na)

alertcondition(MCUp or MCDn, title="BC Alert")
Release Notes: 1. This Indicator automatically identifies the Demand and Supply Level on the chart.

2. The Untested zone will be of green and red horizontal lines and the tested zone with grey and yellow horizontal lines.

6. Big Green Candle represents the Exciting Candles ==> Demand and imbalance

7. Big Red Candle represents the Exciting Candles ==> Supply and imbalance
Release Notes: updated

removed boring and explosive level
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact UnknownUnicorn981077 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.


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.

Author's instructions

The author of this script can no longer grant access to it. Please don't request access.

Want to use this script on a chart?

Warning: please read before requesting access.