PROTECTED SOURCE SCRIPT
Bougies Tendance Smart Trend Candles
1. THE SETUP (Do this first)
If you don't do this, you will still see your standard green and red candles overlapping the script's colors.
Double-left-click directly on one of the candles on your chart (or click the gear icon ⚙️ at the top right, "Chart Settings").
Go to the Symbol tab (the first one on the left).
In the "Candles" section, UNCHECK the following boxes:
❌ Body
❌ Borders
❌ Wicks
Result: Your standard candles become invisible, revealing only those generated and colored by the script.
2. COLOR LEGEND (How to read the chart)
The script colors the candles by crossing two pieces of information: the Underlying Trend (relative to the Moving Average) and the Day's Movement.
🔵 BLUE CANDLE (Bullish Impulse)
Context: Price is above the trend line (EMA).
Movement: The candle closes higher than it opened (it's going up).
Interpretation: The market is healthy. Buyers are in control. It's time to let profits run.
🟠 ORANGE CANDLE (Correction / Pullback)
Context: Price is above the trend line (EMA).
Movement: The candle closes lower than it opened (it's going down).
Interpretation: This is profit-taking or a breather within a bullish trend. Potential buying opportunity if the price bounces off the gray line.
🔴 RED CANDLE (Bearish Impulse)
Context: Price is below the trend line (EMA).
Movement: The candle closes lower than it opened (it's going down).
Interpretation: Danger. The trend is bearish and sellers are pushing. You should be Short (selling) or out of the market.
🟢 GREEN CANDLE (Technical Rebound)
Context: Price is below the trend line (EMA).
Movement: The candle closes higher than it opened (it's going up).
Interpretation: Warning, this is not a bullish recovery (yet). It is a bounce within a trend that remains bearish (Bear Market Rally). It is often an opportunity to reload Short positions.
Visual Summary for Traders:
Buying Zone: Look for setups as long as you see Blue and Orange.
Selling Zone: Look to sell or short as long as you see Red and Green.
If you don't do this, you will still see your standard green and red candles overlapping the script's colors.
Double-left-click directly on one of the candles on your chart (or click the gear icon ⚙️ at the top right, "Chart Settings").
Go to the Symbol tab (the first one on the left).
In the "Candles" section, UNCHECK the following boxes:
❌ Body
❌ Borders
❌ Wicks
Result: Your standard candles become invisible, revealing only those generated and colored by the script.
2. COLOR LEGEND (How to read the chart)
The script colors the candles by crossing two pieces of information: the Underlying Trend (relative to the Moving Average) and the Day's Movement.
🔵 BLUE CANDLE (Bullish Impulse)
Context: Price is above the trend line (EMA).
Movement: The candle closes higher than it opened (it's going up).
Interpretation: The market is healthy. Buyers are in control. It's time to let profits run.
🟠 ORANGE CANDLE (Correction / Pullback)
Context: Price is above the trend line (EMA).
Movement: The candle closes lower than it opened (it's going down).
Interpretation: This is profit-taking or a breather within a bullish trend. Potential buying opportunity if the price bounces off the gray line.
🔴 RED CANDLE (Bearish Impulse)
Context: Price is below the trend line (EMA).
Movement: The candle closes lower than it opened (it's going down).
Interpretation: Danger. The trend is bearish and sellers are pushing. You should be Short (selling) or out of the market.
🟢 GREEN CANDLE (Technical Rebound)
Context: Price is below the trend line (EMA).
Movement: The candle closes higher than it opened (it's going up).
Interpretation: Warning, this is not a bullish recovery (yet). It is a bounce within a trend that remains bearish (Bear Market Rally). It is often an opportunity to reload Short positions.
Visual Summary for Traders:
Buying Zone: Look for setups as long as you see Blue and Orange.
Selling Zone: Look to sell or short as long as you see Red and Green.
Skrypt chroniony
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Skrypt chroniony
Ten skrypt został opublikowany jako zamknięty kod źródłowy. Można z tego korzystać swobodnie i bez żadnych ograniczeń — więcej informacji znajduje się tutaj.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.