Bullish Fresh Zone: - This part looks for a specific pattern in the price movement that indicates a potential bullish (upward) trend. - It checks if the current bar's low price is higher than the previous bar's opening price. - It also checks if the previous bar's closing price was higher than its opening price. - Additionally, it checks if the bar before the previous one had a closing price lower than its opening price. - If all these conditions are met, it identifies a bullish fresh zone.
Bearish Fresh Zone: - This part looks for a specific pattern in the price movement that indicates a potential bearish (downward) trend. - It checks if the current bar's high price is lower than the previous bar's opening price. - It also checks if the previous bar's closing price was lower than its opening price. - Additionally, it checks if the bar before the previous one had a closing price higher than its opening price. - If all these conditions are met, it identifies a bearish fresh zone.
Color Coding: - When a bullish fresh zone is identified, it colors the candlestick from two bars ago with a specific yellowish color (`color.rgb(240, 243, 33)`). - When a bearish fresh zone is identified, it colors the candlestick from two bars ago with a specific pink color (`color.rgb(255, 0, 191)`).
Alert: - The script creates an alert condition. - If either a bullish or bearish fresh zone pattern appears, it triggers an alert with the message "A Fresh zone has appeared!".
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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