OPEN-SOURCE SCRIPT
Güncellendi 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
Sürüm Notları
Release Note* Added Original sell logic as an alternative to Pro
* Added the public release header for the published version
Sürüm Notları
Release NoteRepublished to replace the preview image with the correct screenshot.
There are no functional changes to the script logic in this update.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.