OPEN-SOURCE SCRIPT
IBS marker
Indicator Description
This indicator provides a detailed analysis of the structure and volatility of each candlestick. It is designed to help traders better understand the balance between buying and selling pressure within individual bars, as well as the short-term volatility environment.
📌 Features
Candlestick Structure Analysis
Calculates the relative percentage of the upper wick, lower wick, and real body of each candle.
Helps traders visually and numerically evaluate whether a candle is dominated by bullish, bearish, or indecisive pressure.
IBS (Intraday Bar Strength)
Computes the Intraday Bar Strength value, showing where the close is located relative to the high-low range.
A high IBS indicates strong closing near the high, while a low IBS indicates weakness near the low.
Range Measurements
Displays the candlestick range in both price units and ticks.
Useful for traders who need precise range data for scalping or range-based strategies.
ATR (Average True Range) Volatility Filter
ATR is included with a configurable period setting.
Provides a contextual measure of volatility, helping traders compare current bar size against recent market behavior.
Dynamic Chart Labels
Key values (such as wick percentages, IBS, and range) are displayed directly on the chart through dynamic labels.
This allows for quick interpretation without opening extra panels or indicators.
📈 How to Use
Add the indicator to any chart and configure the settings (ATR period, label visibility, etc.) according to your trading style.
Use wick/body ratios to spot candles with unusual buying/selling pressure.
Combine IBS with ATR to identify potential exhaustion or continuation setups.
The dynamic labels are best used on lower timeframes for scalpers, but they can also provide insights on higher timeframes for swing traders.
🔍 Practical Applications
Identify reversal candles where one wick dominates.
Measure strength of breakouts by comparing candle body % and IBS values.
Detect volatility shifts by monitoring when bar ranges deviate from the ATR baseline.
Support scalping strategies that rely on tick-based range detection.
✅ Notes
This is a standalone indicator and does not require any other script to function.
Works on all markets (stocks, futures, forex, crypto).
For best results, use in conjunction with price action analysis or your preferred trading strategy.
This indicator provides a detailed analysis of the structure and volatility of each candlestick. It is designed to help traders better understand the balance between buying and selling pressure within individual bars, as well as the short-term volatility environment.
📌 Features
Candlestick Structure Analysis
Calculates the relative percentage of the upper wick, lower wick, and real body of each candle.
Helps traders visually and numerically evaluate whether a candle is dominated by bullish, bearish, or indecisive pressure.
IBS (Intraday Bar Strength)
Computes the Intraday Bar Strength value, showing where the close is located relative to the high-low range.
A high IBS indicates strong closing near the high, while a low IBS indicates weakness near the low.
Range Measurements
Displays the candlestick range in both price units and ticks.
Useful for traders who need precise range data for scalping or range-based strategies.
ATR (Average True Range) Volatility Filter
ATR is included with a configurable period setting.
Provides a contextual measure of volatility, helping traders compare current bar size against recent market behavior.
Dynamic Chart Labels
Key values (such as wick percentages, IBS, and range) are displayed directly on the chart through dynamic labels.
This allows for quick interpretation without opening extra panels or indicators.
📈 How to Use
Add the indicator to any chart and configure the settings (ATR period, label visibility, etc.) according to your trading style.
Use wick/body ratios to spot candles with unusual buying/selling pressure.
Combine IBS with ATR to identify potential exhaustion or continuation setups.
The dynamic labels are best used on lower timeframes for scalpers, but they can also provide insights on higher timeframes for swing traders.
🔍 Practical Applications
Identify reversal candles where one wick dominates.
Measure strength of breakouts by comparing candle body % and IBS values.
Detect volatility shifts by monitoring when bar ranges deviate from the ATR baseline.
Support scalping strategies that rely on tick-based range detection.
✅ Notes
This is a standalone indicator and does not require any other script to function.
Works on all markets (stocks, futures, forex, crypto).
For best results, use in conjunction with price action analysis or your preferred trading strategy.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。