OPEN-SOURCE SCRIPT
Обновлено 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
Информация о релизе
Release Note* Added Original sell logic as an alternative to Pro
* Added the public release header for the published version
Информация о релизе
Release NoteRepublished to replace the preview image with the correct screenshot.
There are no functional changes to the script logic in this update.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.