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Custom ChoCH Indicator (10m) - Sayajee
Custom ChoCH Indicator (10m) - Sayajee
This custom Pine Script indicator identifies and marks Change of Character (ChoCH) events on a 10-minute chart. ChoCH is a price action concept that highlights potential market reversals. The indicator detects bullish and bearish Change of Character points and displays them as labels and background color highlights on the chart.
Features:
Bullish & Bearish ChoCH Signals: Detects price reversals and trends based on the relationship between recent highs and lows.
Bullish ChoCH: When the close price is greater than the previous swing high and the previous low is lower than the previous swing low.
Bearish ChoCH: When the close price is lower than the previous swing low and the previous high is greater than the previous swing high.
Visual Indicators:
Labels ("ChoCH↑" for bullish, "ChoCH↓" for bearish) are displayed at the high or low of the bar where the signal occurs.
Background highlights in green for bullish and red for bearish conditions to make the signals easily recognizable.
Customization:
Option to toggle the visibility of labels.
Option to customize the colors for bullish and bearish signals.
Alerts: Configured alert conditions to notify you when a Bullish ChoCH or Bearish ChoCH occurs.
Inputs:
Show Labels for ChoCH: Toggle to display ChoCH labels on the chart.
Bullish ChoCH Color: Choose the color for bullish signals.
Bearish ChoCH Color: Choose the color for bearish signals.
Usage:
This indicator is useful for detecting potential trend reversals and market shifts, especially when combined with other technical analysis tools. It's designed for traders who rely on price action and prefer visual cues to make informed decisions.
This custom Pine Script indicator identifies and marks Change of Character (ChoCH) events on a 10-minute chart. ChoCH is a price action concept that highlights potential market reversals. The indicator detects bullish and bearish Change of Character points and displays them as labels and background color highlights on the chart.
Features:
Bullish & Bearish ChoCH Signals: Detects price reversals and trends based on the relationship between recent highs and lows.
Bullish ChoCH: When the close price is greater than the previous swing high and the previous low is lower than the previous swing low.
Bearish ChoCH: When the close price is lower than the previous swing low and the previous high is greater than the previous swing high.
Visual Indicators:
Labels ("ChoCH↑" for bullish, "ChoCH↓" for bearish) are displayed at the high or low of the bar where the signal occurs.
Background highlights in green for bullish and red for bearish conditions to make the signals easily recognizable.
Customization:
Option to toggle the visibility of labels.
Option to customize the colors for bullish and bearish signals.
Alerts: Configured alert conditions to notify you when a Bullish ChoCH or Bearish ChoCH occurs.
Inputs:
Show Labels for ChoCH: Toggle to display ChoCH labels on the chart.
Bullish ChoCH Color: Choose the color for bullish signals.
Bearish ChoCH Color: Choose the color for bearish signals.
Usage:
This indicator is useful for detecting potential trend reversals and market shifts, especially when combined with other technical analysis tools. It's designed for traders who rely on price action and prefer visual cues to make informed decisions.
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。
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。