OPEN-SOURCE SCRIPT
omarnowick
Description:
This indicator combines several price action tools designed to help traders analyze market structure, momentum candles, and trading sessions directly on the chart.
The script highlights structural shifts in price, identifies strong momentum candles, and provides additional tools for session awareness and risk management.
Features:
1) No Wick Momentum Candles
The script detects candles where the open equals the high or low.
These candles often indicate strong directional pressure because price moves immediately in one direction without initial rejection.
Triangles are plotted on these candles to highlight potential momentum moves.
2) Market Structure (HH / HL / LH / LL)
Swing highs and lows are detected using pivot logic.
Based on these pivots, the indicator labels the current market structure:
Higher High (HH) (made the color more customizable)
Higher Low (HL) (made the color more customizable)
Lower High (LH) (made the color more customizable)
Lower Low (LL) (made the color more customizable)
This helps traders visually follow trend direction.
3) Break of Structure (BOS) & Change of Character (CHOCH)
When price breaks previously identified structural levels, the script marks the event as either:
Break of Structure (BOS) – continuation of the current trend
Change of Character (CHOCH) – potential early shift in market direction
Lines are drawn to show where the structural break occurred.
4) Trading Sessions
The indicator can highlight major trading sessions:
Asia
London
New York
Session backgrounds help visualize periods of higher market activity.
5) Session Break Zone
A customizable time range can be displayed as a No Trading Zone to highlight periods where a trader may prefer to avoid trading.
The script can also project the next upcoming zone into the future.
6) Risk Dashboard
A built-in risk calculator displays:
Account balance
Risk percentage
Stop loss size
Calculated lot size
This allows traders to quickly estimate position size based on their risk parameters.
7) Manual Backtest Dashboard
A simple dashboard allows traders to manually track wins and losses when reviewing historical trades, automatically calculating total trades and win rate.
Notes:
This indicator is designed as a chart analysis tool and should be used alongside a trader’s own analysis and risk management.
This indicator combines several price action tools designed to help traders analyze market structure, momentum candles, and trading sessions directly on the chart.
The script highlights structural shifts in price, identifies strong momentum candles, and provides additional tools for session awareness and risk management.
Features:
1) No Wick Momentum Candles
The script detects candles where the open equals the high or low.
These candles often indicate strong directional pressure because price moves immediately in one direction without initial rejection.
Triangles are plotted on these candles to highlight potential momentum moves.
2) Market Structure (HH / HL / LH / LL)
Swing highs and lows are detected using pivot logic.
Based on these pivots, the indicator labels the current market structure:
Higher High (HH) (made the color more customizable)
Higher Low (HL) (made the color more customizable)
Lower High (LH) (made the color more customizable)
Lower Low (LL) (made the color more customizable)
This helps traders visually follow trend direction.
3) Break of Structure (BOS) & Change of Character (CHOCH)
When price breaks previously identified structural levels, the script marks the event as either:
Break of Structure (BOS) – continuation of the current trend
Change of Character (CHOCH) – potential early shift in market direction
Lines are drawn to show where the structural break occurred.
4) Trading Sessions
The indicator can highlight major trading sessions:
Asia
London
New York
Session backgrounds help visualize periods of higher market activity.
5) Session Break Zone
A customizable time range can be displayed as a No Trading Zone to highlight periods where a trader may prefer to avoid trading.
The script can also project the next upcoming zone into the future.
6) Risk Dashboard
A built-in risk calculator displays:
Account balance
Risk percentage
Stop loss size
Calculated lot size
This allows traders to quickly estimate position size based on their risk parameters.
7) Manual Backtest Dashboard
A simple dashboard allows traders to manually track wins and losses when reviewing historical trades, automatically calculating total trades and win rate.
Notes:
This indicator is designed as a chart analysis tool and should be used alongside a trader’s own analysis and risk management.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.