OPEN-SOURCE SCRIPT

SR Intensity Candle

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This is a very simple script intended to find just what the title says, "Intensity Candles" is what i am calling them. A bullish intensity candle is taking the low of the previous candle and the close is above the previous candle high. Bearish intensity candle is the opposite, a candle that takes the high of the previous candle and the close is below the low of the previous candle.

Alternatively, if a "bullish" intensity candle is the mitigated and price pushes below, you can expect a back test short of the "bullish" intensity candle. They will act as SR zones for the future price action.

The BEST and most ideal spot for the intensity candles to happen is the see a bullish candle at the low of a move and a bearish candle at the highs indicating strong movement for reversal.

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