emohil

ICMC

Based on basic Nimblr TA, Momentum Candles combined with Breakout/Breakdown can detect a change in trend direction.

Nimblr mainly categorizes candlesticks into Momentum (Body > 50%) and Indecision (Body < 50%) candlesticks .

⁕ shows Momentum Candles, others are Indecision Candles
↑ shows Breakout
↓ shows Breakdown

Yellow lines show the current Indecision candle and white lines the past Indecision candle.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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