OPEN-SOURCE SCRIPT
Diupdate Books Retouch Levels Pro
English Description
📌 What is Books Retouch Levels Pro?
This indicator visualizes key price levels based on engulfing price action (“Books”) and tracks how price reacts when revisiting those levels.
In simple terms:
👉 Strong price moves often leave behind levels that matter later.
⸻
🔍 Concept
• When an engulfing pattern occurs, the open price of the engulfed candle becomes a key level
• These levels act as potential liquidity or reaction zones
• The first retouch of these levels is especially important
⸻
⚙️ Features
• ✅ Automatically detects buy and sell levels
• ✅ Tracks whether levels are active or invalidated
• ✅ Detects the first retouch of each level
• ✅ Highlights retouched levels for clarity
• ✅ Fades opposite-side levels based on latest retouch direction
• ✅ Fully customizable visibility (signals, inactive levels, etc.)
⸻
📊 How to Read
🟢 Buy Levels
→ Open of engulfed bearish candle
→ Often acts as support
🔴 Sell Levels
→ Open of engulfed bullish candle
→ Often acts as resistance
⸻
🔁 What is a Retouch?
A retouch happens when price returns to a level after moving away.
This indicator focuses on:
👉 The first retouch, which often provides high-probability setups
⸻
❌ Invalidation
A level becomes invalid when price clearly breaks it.
Examples:
• Buy level → broken to the downside
• Sell level → broken to the upside
⸻
🧠 How to Use
• Identify newly formed levels
• Wait for price to return (retouch)
• Combine with market structure or trend
• Focus on the most recent retouch for directional bias
⸻
✨ What’s Improved
• More accurate retouch detection
• Cleaner and more intuitive visuals
• Better distinction between active / retouched / invalid levels
• Cleaner default setup:
• Inactive levels OFF
• Retouch signals OFF
📌 What is Books Retouch Levels Pro?
This indicator visualizes key price levels based on engulfing price action (“Books”) and tracks how price reacts when revisiting those levels.
In simple terms:
👉 Strong price moves often leave behind levels that matter later.
⸻
🔍 Concept
• When an engulfing pattern occurs, the open price of the engulfed candle becomes a key level
• These levels act as potential liquidity or reaction zones
• The first retouch of these levels is especially important
⸻
⚙️ Features
• ✅ Automatically detects buy and sell levels
• ✅ Tracks whether levels are active or invalidated
• ✅ Detects the first retouch of each level
• ✅ Highlights retouched levels for clarity
• ✅ Fades opposite-side levels based on latest retouch direction
• ✅ Fully customizable visibility (signals, inactive levels, etc.)
⸻
📊 How to Read
🟢 Buy Levels
→ Open of engulfed bearish candle
→ Often acts as support
🔴 Sell Levels
→ Open of engulfed bullish candle
→ Often acts as resistance
⸻
🔁 What is a Retouch?
A retouch happens when price returns to a level after moving away.
This indicator focuses on:
👉 The first retouch, which often provides high-probability setups
⸻
❌ Invalidation
A level becomes invalid when price clearly breaks it.
Examples:
• Buy level → broken to the downside
• Sell level → broken to the upside
⸻
🧠 How to Use
• Identify newly formed levels
• Wait for price to return (retouch)
• Combine with market structure or trend
• Focus on the most recent retouch for directional bias
⸻
✨ What’s Improved
• More accurate retouch detection
• Cleaner and more intuitive visuals
• Better distinction between active / retouched / invalid levels
• Cleaner default setup:
• Inactive levels OFF
• Retouch signals OFF
Catatan Rilis
Release Note* Added Original sell logic as an alternative to Pro
* Added the public release header for the published version
Catatan Rilis
Release NoteRepublished to replace the preview image with the correct screenshot.
There are no functional changes to the script logic in this update.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.