OPEN-SOURCE SCRIPT
Candle Color Confirmation Strategy
// TradingView (Pine Script v5) Strategy
//version=5
strategy("Candle Color Confirmation Strategy", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=10)
// Input: Time confirmation in seconds
confirmTime = input(5, title="Seconds to Confirm")
// Track the candle open and its color consistency
var float openPrice = na
var bool isConfirmed = false
var bool isBullish = false
var int startTime = na
if bar_index != bar_index[1] // New candle
openPrice := open
isConfirmed := false
startTime := timenow
if not isConfirmed and (timenow - startTime) >= confirmTime * 1000
if close > openPrice and high == close // Green candle stays green
isBullish := true
strategy.entry("Buy", strategy.long)
isConfirmed := true
else if close < openPrice and low == close // Red candle stays red
isBullish := false
strategy.entry("Sell", strategy.short)
isConfirmed := true
//version=5
strategy("Candle Color Confirmation Strategy", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=10)
// Input: Time confirmation in seconds
confirmTime = input(5, title="Seconds to Confirm")
// Track the candle open and its color consistency
var float openPrice = na
var bool isConfirmed = false
var bool isBullish = false
var int startTime = na
if bar_index != bar_index[1] // New candle
openPrice := open
isConfirmed := false
startTime := timenow
if not isConfirmed and (timenow - startTime) >= confirmTime * 1000
if close > openPrice and high == close // Green candle stays green
isBullish := true
strategy.entry("Buy", strategy.long)
isConfirmed := true
else if close < openPrice and low == close // Red candle stays red
isBullish := false
strategy.entry("Sell", strategy.short)
isConfirmed := true
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.