OPEN-SOURCE SCRIPT
Brooks Type Signal Bar
Indicates "strong bars" similar to how Al Brooks defines them in his book-- these don't necessarily trigger entries but can be points of interest.
2-3 points as a signal bar size seems to work well, depending upon volatility.
2-3 points as a signal bar size seems to work well, depending upon volatility.
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.
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Disclaimer
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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.
For quick access on a chart, add this script to your favorites — learn more here.
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.