FRK BUBBLES
FRK Bubbles marks confirmed swing highs and lows, then compares each pivot with the previous pivot of the same type.
Higher highs (HH) and higher lows (HL) use the bullish colors. Lower highs (LH) and lower lows (LL) use the bearish colors. Equal pivots and the first high or low, which has no earlier pivot to compare against, use the neutral color.
Customize bubble size, border thickness, colors, and swing sensitivity. Choose whether pivots are based on candle wicks or closes. The indicator works on the chart’s current timeframe and includes alerts for HH, HL, LH, LL, and equal pivots.
A pivot is confirmed only after the selected number of bars to its right have closed. The bubble is drawn on the original pivot candle, so it appears there after confirmation. Smaller left/right settings detect more turns but may mark more minor fluctuations.
FRK Bubbles identifies price structure only. It does not use volume or order-flow data and does not predict future price movement.
Higher highs (HH) and higher lows (HL) use the bullish colors. Lower highs (LH) and lower lows (LL) use the bearish colors. Equal pivots and the first high or low, which has no earlier pivot to compare against, use the neutral color.
Customize bubble size, border thickness, colors, and swing sensitivity. Choose whether pivots are based on candle wicks or closes. The indicator works on the chart’s current timeframe and includes alerts for HH, HL, LH, LL, and equal pivots.
A pivot is confirmed only after the selected number of bars to its right have closed. The bubble is drawn on the original pivot candle, so it appears there after confirmation. Smaller left/right settings detect more turns but may mark more minor fluctuations.
FRK Bubbles identifies price structure only. It does not use volume or order-flow data and does not predict future price movement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.