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Aurora Candle with Alert

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The indicator is derived from the concept of Aurora Candles (Credit to RK Arora)

Description

The script instantly calculates and highlights the largest candle (from high to low) in a user specified lookback period. It then plots the expected support, resistance, supply and demand levels. When a larger candle is printed, it will immediately plot the new levels.

How To Use

Use the indicator to find the largest candle in a specified lookback period.

• As soon as the Aurora candle is printed, future levels are plotted.

• If a larger candle is printed it will reset and create a new roadmap as big money dictates the market.

• The Aurora candle will mirror itself above and below X amount of times based on your settings.

• Colours, levels and lookback period are customizable.

• There is only 1 look back period. You can add more than one indicator if you want to set different lookback periods for long and short term levels.

• Alert function has been added

Access the indicator

• Contact me on TradingView
Информация о релизе
Added the option to include supportive candle levels
Информация о релизе
Added the option to have a coloured background for the strongest supply and demand area
Информация о релизе
Added background fill option for the Aurora Candle body
Информация о релизе
Quarter levels from the Aurora candle's high and low have been added and set to default settings

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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.