OPEN-SOURCE SCRIPT
Quantum Leap by GSK-Vizag-AP-India
Quantum Leap by GSK-Vizag-AP-India
This indicator detects strong impulse price movements, also known as "quantum leaps," in bullish and bearish directions. Using the Average True Range (ATR) to measure market volatility, it identifies candles with body sizes significantly larger than recent average ranges, suggesting strong momentum surges.
The script groups consecutive impulse candles into blocks, highlighting zones of sustained bullish or bearish strength on the chart. These visual blocks aid traders in quickly spotting powerful price moves that may indicate key market shifts or reversals. Additionally, this tool can be effectively used to identify Fair Value Gaps (FVG) in price action, making FVG detection easier and more intuitive for users.
Inputs allow customization for ATR length, impulse strength threshold, and minimum consecutive candles, enabling adaptation to different markets or timeframes.
Important Disclaimer:
This indicator is for educational and informational purposes only. It is not financial advice and does not guarantee future results. Users should conduct their own research and seek professional guidance before making any trading decisions. Trading involves risk, including the potential loss of capital.
This indicator detects strong impulse price movements, also known as "quantum leaps," in bullish and bearish directions. Using the Average True Range (ATR) to measure market volatility, it identifies candles with body sizes significantly larger than recent average ranges, suggesting strong momentum surges.
The script groups consecutive impulse candles into blocks, highlighting zones of sustained bullish or bearish strength on the chart. These visual blocks aid traders in quickly spotting powerful price moves that may indicate key market shifts or reversals. Additionally, this tool can be effectively used to identify Fair Value Gaps (FVG) in price action, making FVG detection easier and more intuitive for users.
Inputs allow customization for ATR length, impulse strength threshold, and minimum consecutive candles, enabling adaptation to different markets or timeframes.
Important Disclaimer:
This indicator is for educational and informational purposes only. It is not financial advice and does not guarantee future results. Users should conduct their own research and seek professional guidance before making any trading decisions. Trading involves risk, including the potential loss of capital.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
"Created by GSK-VIZAG-AP-INDIA"
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
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
"Created by GSK-VIZAG-AP-INDIA"
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.