OPEN-SOURCE SCRIPT
Consecutive Candles DevisSo
Hi Traders !!!
Level Calculation:
50% and 23.6% Fibonacci levels are calculated based on the open and close of the previous candles.
Consecutive Candle Check:
For an uptrend: Each candle's low must not touch the 50% levels of the previous candles.
For a downtrend: Each candle's high must not touch the 50% levels of the previous candles.
Pullback Level:
When a long signal is triggered, the current candle's low is recorded as a pullback level.
When a short signal is triggered, the current candle's high is recorded as a pullback level.
Breakout and Signal Generation:
If the price breaks above the calculated level, a long signal is generated; if it breaks below, a short signal is generated.
These signals are visualized on the chart.
Continuity:
The system checks the last signal to ensure the validity of new signals, maintaining the consistency of consecutive signals.
Level Calculation:
50% and 23.6% Fibonacci levels are calculated based on the open and close of the previous candles.
Consecutive Candle Check:
For an uptrend: Each candle's low must not touch the 50% levels of the previous candles.
For a downtrend: Each candle's high must not touch the 50% levels of the previous candles.
Pullback Level:
When a long signal is triggered, the current candle's low is recorded as a pullback level.
When a short signal is triggered, the current candle's high is recorded as a pullback level.
Breakout and Signal Generation:
If the price breaks above the calculated level, a long signal is generated; if it breaks below, a short signal is generated.
These signals are visualized on the chart.
Continuity:
The system checks the last signal to ensure the validity of new signals, maintaining the consistency of consecutive signals.
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