PINE LIBRARY
BASCOOL_Lib
BASCOOL Library v1
Range–Body Structure Analysis Toolkit for Intraday Trading
The BASCOOL Library provides high-quality, reusable Pine Script components for structural conviction analysis based purely on price action. It is designed for intraday traders who rely on volatility-adjusted range expansion and candle-body efficiency to identify strong, weak, or choppy market conditions.
Included Functions
rbm_from_ohlc() – Range–Body Measure (RBM)
A volatility-normalized structure indicator that evaluates:
Range Expansion:
Smooth EMA of (High–Low), normalized by ATR
→ captures strength of movement relative to volatility
Body Efficiency:
Body-to-Range ratio smoothed with EMA
→ measures how much of the candle’s range is “directional”
The RBM output is a smooth structural strength score typically between 0 and 1, where:
High RBM → strong structure, clean movement, trend-friendly conditions
Low RBM → compressed ranges, weak bodies, low-quality structure
Flat RBM → choppy environment, avoid directional trades
Range–Body Structure Analysis Toolkit for Intraday Trading
The BASCOOL Library provides high-quality, reusable Pine Script components for structural conviction analysis based purely on price action. It is designed for intraday traders who rely on volatility-adjusted range expansion and candle-body efficiency to identify strong, weak, or choppy market conditions.
Included Functions
rbm_from_ohlc() – Range–Body Measure (RBM)
A volatility-normalized structure indicator that evaluates:
Range Expansion:
Smooth EMA of (High–Low), normalized by ATR
→ captures strength of movement relative to volatility
Body Efficiency:
Body-to-Range ratio smoothed with EMA
→ measures how much of the candle’s range is “directional”
The RBM output is a smooth structural strength score typically between 0 and 1, where:
High RBM → strong structure, clean movement, trend-friendly conditions
Low RBM → compressed ranges, weak bodies, low-quality structure
Flat RBM → choppy environment, avoid directional trades
Pine腳本庫
秉持TradingView一貫精神，作者已將此Pine代碼以開源函式庫形式發佈，方便我們社群中的其他Pine程式設計師重複使用。向作者致敬！您可以在私人專案或其他開源發表中使用此函式庫，但在公開發表中重用此代碼須遵守社群規範。
Gokul Ramachandran – software architect, programmer. Interested in trading and investment. Currently trading and researching strategies that can be employed in NSE.
Contact: gokul4trading@gmail.com]
LinkedIn: linkedin.com/in/gokulramachandran/
Contact: gokul4trading@gmail.com]
LinkedIn: linkedin.com/in/gokulramachandran/
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
Pine腳本庫
秉持TradingView一貫精神，作者已將此Pine代碼以開源函式庫形式發佈，方便我們社群中的其他Pine程式設計師重複使用。向作者致敬！您可以在私人專案或其他開源發表中使用此函式庫，但在公開發表中重用此代碼須遵守社群規範。
Gokul Ramachandran – software architect, programmer. Interested in trading and investment. Currently trading and researching strategies that can be employed in NSE.
Contact: gokul4trading@gmail.com]
LinkedIn: linkedin.com/in/gokulramachandran/
Contact: gokul4trading@gmail.com]
LinkedIn: linkedin.com/in/gokulramachandran/
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。