This script is based on Dreadblitz original script but translated into English. It an indicator for Oliver Velez's Red Bar Ignored / Green Bar Ignored strategy.
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title changed
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changed break even colour to make it clearer against take profit
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Converted to Pinescript v5 Single Alert for both RBI and GBI condition (no need to create 2 alerts per ticker!) Time included n the single line Reset some defaults
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Updated Discord alert to show timestamp
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Refeactored code.
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Option to send alerts as JSON (discord) or plain text
The scrip is amazing, but i'm not understand some data inside. the line 260/261 plotshape(RES_RBI and VEBC, text='CB', what is mean CB? What is mean Control Bar ? and not sure why is indicated with yellow
and line 263/264 plotshape(RES_RBI and VEBS, text='️' why the text is empty what Is should be there? I'm wondering if can be included in the script as well indicator for Bear/Bull Sandwich and maybe Color changes
Thank you and it's great job.
Belliez
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@idglabs, thanks for your comment. I didn't originally create this script but I translated and updated it to English. This was always left blank even in the original script. When I get a moment I will look at this.
CB is the control bar. The change of colour is to draw this bar to your attention with the RBi / GBi is setting up.
d.umesh
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Sir, How to plot TP/BE Lvl on chart
Pardon3000
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Thanks for the translation. I have got some issues with the alert. An alert is given for instance on a 1D timeframe. Except the signal is sometimes given, far above the break even point or even on the tp line. How can that be possible?
the line 260/261 plotshape(RES_RBI and VEBC, text='CB', what is mean CB? What is mean Control Bar ? and not sure why is indicated with yellow
and line 263/264 plotshape(RES_RBI and VEBS, text='️' why the text is empty what Is should be there?
I'm wondering if can be included in the script as well indicator for Bear/Bull Sandwich and maybe Color changes
Thank you and it's great job.