UnknownUnicorn981077

Explosive Move

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

//ATR
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
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