R.E.Signal V3.1: Code update
I removed the outside bar filter for range expansion bars.
You will need Tim West's TW_UB indicator to plot those. It'll be more useful if you use both, since you can see when prices trend or consolidate visually by seeing the bar colors alongside the range expansions.
Cheers,
Ivan.
You will need Tim West's TW_UB indicator to plot those. It'll be more useful if you use both, since you can see when prices trend or consolidate visually by seeing the bar colors alongside the range expansions.
Cheers,
Ivan.
study("R.E.Signal V3.1", overlay=true)
rangeup = close[1]+tr[1]
rangedown = close[1]-tr[1]
over() => high > rangeup and close > open
under() => low < rangedown and close < open
plotshape(over(), style=shape.triangleup, location=location.belowbar, color=green)
plotshape(under(), style=shape.triangledown, location=location.abovebar, color=red)