OPEN-SOURCE SCRIPT
Trend & Pullback %
Trend & Pullback %
This indicator breaks price action into a simple sequence of legs — trend moves and pullbacks — and labels the percentage size of each one directly on the chart, so you can see at a glance how far the market ran before it corrected, and how far it corrected before resuming.
How it works
The script tracks consecutive candle direction to identify when a trend leg (green candles) is building and when it flips into a pullback leg (red candles).
When direction reverses, the leg that just ended is closed out and labeled with its % move — measured from where that leg started to its extreme (the high for a trend leg, the low for a pullback).
Each new leg always starts exactly where the previous one finished, so a pullback is measured from the prior trend's top, and the next trend leg is measured from that pullback's bottom — giving you a continuous, non-overlapping read of the swing structure.
A live label on the current bar shows the running % of whatever leg is still forming.
Separately, whenever N consecutive same-colored candles occur (default: 5, adjustable), a "Run" label shows the total % move across just that streak — useful for spotting momentum bursts independent of the broader swing.
Inputs
Consecutive candle count for run labels
Toggle leg labels, run labels, and the live running-% label
Minimum leg % filter (hides small/noisy legs)
Custom colors for trend vs. pullback legs
Notes
Works on any symbol and timeframe.
This is a visual/analytical tool for reading trend and pullback structure, not a buy/sell signal generator — use it alongside your own strategy and risk management.
This indicator breaks price action into a simple sequence of legs — trend moves and pullbacks — and labels the percentage size of each one directly on the chart, so you can see at a glance how far the market ran before it corrected, and how far it corrected before resuming.
How it works
The script tracks consecutive candle direction to identify when a trend leg (green candles) is building and when it flips into a pullback leg (red candles).
When direction reverses, the leg that just ended is closed out and labeled with its % move — measured from where that leg started to its extreme (the high for a trend leg, the low for a pullback).
Each new leg always starts exactly where the previous one finished, so a pullback is measured from the prior trend's top, and the next trend leg is measured from that pullback's bottom — giving you a continuous, non-overlapping read of the swing structure.
A live label on the current bar shows the running % of whatever leg is still forming.
Separately, whenever N consecutive same-colored candles occur (default: 5, adjustable), a "Run" label shows the total % move across just that streak — useful for spotting momentum bursts independent of the broader swing.
Inputs
Consecutive candle count for run labels
Toggle leg labels, run labels, and the live running-% label
Minimum leg % filter (hides small/noisy legs)
Custom colors for trend vs. pullback legs
Notes
Works on any symbol and timeframe.
This is a visual/analytical tool for reading trend and pullback structure, not a buy/sell signal generator — use it alongside your own strategy and risk management.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。