OPEN-SOURCE SCRIPT
Open - CSC Bars V3
🟢🔴 Open – Consecutive Bull/Bear Bars v3
- Tracks the first bars of the session.
- Highlights when the open starts with 2+ consecutive bull or bear bars—useful for researching spike behavior.
This research tool helps traders study **spikes on the open**, which often fail—roughly **50% of the time**. It identifies when the session begins with a string of **consecutive bullish or bearish bars**, which can signal a strong open or a potential fade setup.
🔍 **What it does:**
* Detects the start of the trading day
* Counts the first **2 or more consecutive** bullish or bearish bars (user-configurable)
* If all are bullish, plots a 🟢 label
* If all are bearish, plots a 🔴 label
* Marks appear above the last bar in the sequence
⚙️ **Settings:**
* You can choose how many bars to check (e.g., 2, 3, 4+)
* Default is 3 bars
📈 **Why this matters:**
Many opening spikes **fail and reverse**, especially after consecutive bars in one direction. This indicator helps you:
* Research spike failure rates
* Build stats on early-session conviction
* Design structured trade entries or filters
⚠️ **Important:**
* This is not a signal tool
* It’s designed for **visual research and education only**
* No trade execution, alerts, or advice
- Tracks the first bars of the session.
- Highlights when the open starts with 2+ consecutive bull or bear bars—useful for researching spike behavior.
This research tool helps traders study **spikes on the open**, which often fail—roughly **50% of the time**. It identifies when the session begins with a string of **consecutive bullish or bearish bars**, which can signal a strong open or a potential fade setup.
🔍 **What it does:**
* Detects the start of the trading day
* Counts the first **2 or more consecutive** bullish or bearish bars (user-configurable)
* If all are bullish, plots a 🟢 label
* If all are bearish, plots a 🔴 label
* Marks appear above the last bar in the sequence
⚙️ **Settings:**
* You can choose how many bars to check (e.g., 2, 3, 4+)
* Default is 3 bars
📈 **Why this matters:**
Many opening spikes **fail and reverse**, especially after consecutive bars in one direction. This indicator helps you:
* Research spike failure rates
* Build stats on early-session conviction
* Design structured trade entries or filters
⚠️ **Important:**
* This is not a signal tool
* It’s designed for **visual research and education only**
* No trade execution, alerts, or advice
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.