OPEN-SOURCE SCRIPT
Swing Finder By Akash

This script is designed to highlight areas on a chart where there are **three or more consecutive candles** of the same color (bullish or bearish). It provides a visual indication of extended bullish or bearish momentum by changing the background color and marking the starting point of these areas.
### **How it works:**
1. **Identifying Bullish and Bearish Candles:**
- **Bullish candles** are defined as candles where the closing price is higher than the opening price (close > open).
- **Bearish candles** are defined as candles where the closing price is lower than the opening price (close < open).
2. **Consecutive Candle Counters:**
- A counter for **bullish candles** (`bullishCount`) and **bearish candles** (`bearishCount`) is maintained to track consecutive occurrences of bullish and bearish candles.
- These counters are **incremented** when consecutive bullish or bearish candles occur. They are **reset** to zero whenever a trend reversal happens (e.g., from bullish to bearish or vice versa).
3. **Area Marking:**
- If there are **three or more consecutive bullish candles**, the background is highlighted in **green** to indicate a bullish area.
- If there are **three or more consecutive bearish candles**, the background is highlighted in **red** to indicate a bearish area.
- A **green label** is plotted below the bars where the bullish area starts, and a **red label** is plotted above the bars where the bearish area starts.
### **Visual Indicators:**
- **Background Color:**
- **Green** for areas with 3 or more consecutive bullish candles.
- **Red** for areas with 3 or more consecutive bearish candles.
- **Labels:**
- A **green label** is plotted below the chart to mark the start of a bullish area.
- A **red label** is plotted above the chart to mark the start of a bearish area.
### **Usage:**
- This indicator can help traders identify strong trends, as consecutive bullish or bearish candles often indicate extended momentum in one direction.
- By marking these areas, traders can potentially look for entry points or identify when trends may be losing strength or reversing.
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Feel free to adjust the description if you'd like it to reflect more specific details based on your use case!
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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。
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。