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.

Want to use this script on a chart?


Entry: When we have a breakout sign
Exit: ? , When we have breakout sign of opposite direction. ??

Great code...But now they NimblrTa got Tiny iC funda also...try to incorporate that in this code..Thanks
emohil cseashwani
@cseashwani, Thanks for your comments, this is just an indicator as of now, need to code it as a strategy for entry and exit.
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