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Bar Analyzer

Version: v.1.0.0.0

Bar Analyzer

Description

The indicator collects technical information about bars for the whole period on the chart regarding the average and maximum length of the bar impulse, as well as signals when a bar is detected according to the specified parameters. The essence of the indicator is the detection of an impulse bar with a subsequent reversal. The indicator uses RSI and Volume Delta as well.

Properties

  • Use custom bar height [default: false] — Enables or disables the use of a custom bar height for signal calculations.
  • Bar Height [default: 75, range: 1–∞] — Custom bar height value (in ticks) for signal calculations.
  • Minimum Wick Length (%) [default: 40, range: 0.001–100] — Minimum wick length as a percentage of bar height for signal detection.
  • Minimum Body Length (%) [default: 25, range: 0.001–100] — Minimum body length as a percentage of bar height for signal detection.
  • Rsi Up Threshold [default: 60, range: 1–∞] — RSI upper threshold for sell signal detection.
  • Rsi Down Threshold [default: 40, range: 1–∞] — RSI lower threshold for buy signal detection.