OPEN-SOURCE SCRIPT

Big Bars Detector

Updated

If a big bar with high volume appears during an uptrend, this may indicate strong buying pressure i.e. the bar acts as support. vice versa, if a big bar with high volume appears during a downtrend i.e. the bar acts as resistance.

How to use ?

It is easy to use whenever the label appears on the candle's high (make sure the candle's color is Red for a bear candle, for example). If a Green bar has a label on its low, simply use the candle's low as support, and vice versa. If the candle's high has a label, consider using it as resistance.
The values display in labels on the top / bottom of the bar is the volume on that particular candle

Hope you like and help in your trading !!!

if any have question / suggestion comment below or just message me.

Thanks and Regards,
TradingTail

Release Notes

You can set the label values as per your need i.e. high , low , close , volume.

Release Notes

Filter Bars by Using Greater Volume e.g. if Bars have Volume > 10000 indicator will detect the those bar have 10000 above volume

Release Notes

Minor bug fixed

Release Notes

You can Also find candle who are bigger than percentage you mentioned in setting panel. Use 15 min or higher timeframe to find good levels

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

TradingTail

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.