OPEN-SOURCE SCRIPT

BPA Josep Capo

869
This is a Price Action tool designed to streamline chart reading by combining dynamic range tracking, key candlestick patterns, and quantitative context into a single clean overlay.

Key Features

Dynamic Range Tracker (ADR / AWR / AMR): Automatically calculates the 20-period average absolute High-Low range for your selected timeframe (Daily, Weekly, or Monthly) and displays it in a clean on-screen table.

ABR (Average Bar Range): Tracks the average High-Low range over the previous 5 periods on your current chart.

Surprise Bars: Optional color-coding for high-momentum candles exceeding 11% of your selected average range (Lime for bullish, Purple for bearish). Disabled by default.

Intraday Bar Counter: Automatically counts intraday bars per session and highlights hourly closing candles to help maintain session context and timing.

Inside & Outside Bar Detection: Places clean visual cues beneath bars to mark price compression and expansion (Triangles for Inside Bars, Circles for Outside Bars).

Multi-Timeframe EMAs: Plots the current chart 20 EMA alongside optional 15-minute and 60-minute 20 EMAs for quick higher-timeframe trend checks.

How to Use

Select your primary context framework (Daily, Weekly, or Monthly) in the script settings based on your trading style.

Monitor the top-right table to compare current bar volatility (ABR) against overall timeframe expectations (ADR/AWR/AMR).

Toggle Highlight Surprise Bars in the settings if you want visual cues for sudden breakout candles.

Developed for Al Brooks' price action trading.

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