NextBarColor

٣٠ نوفمبر ٢٠٢٤

NextBarColor
This is two-bars pattern search/matching indicator.

• This indicator compares multiple values:
  
• current bar high with previous bar open
  
• current bar high with previous bar close
  
• current bar high with previous bar high
  
• current bar high with previous bar low
  
• current bar low with previous bar open
  
• current bar low with previous bar close
  
• current bar low with previous bar high
  
• current bar low with previous bar low
  
• current bar close/current_price with previous bar high
  
• current bar close/current_price with previous bar low
  
• current bar close/current_price with previous bar open
  
• current bar close/current_price with previous bar close
  

and searches for the same combination of 2 bars (current and previous) in the past.

Then shows as % value how many times the next bar went up or down.
Grey bar compares ups and downs with all results, including cases when price did not move.
My testing is showing better results when current and previous bars colors are also used in the search.

٣٠ نوفمبر ٢٠٢٤

ملاحظات الأخبار

NextBarColor
This is two-bars pattern search/matching indicator.

• This indicator compares multiple values:
  
• current bar high with previous bar open
  
• current bar high with previous bar close
  
• current bar high with previous bar high
  
• current bar high with previous bar low
  
• current bar low with previous bar open
  
• current bar low with previous bar close
  
• current bar low with previous bar high
  
• current bar low with previous bar low
  
• current bar close/current_price with previous bar high
  
• current bar close/current_price with previous bar low
  
• current bar close/current_price with previous bar open
  
• current bar close/current_price with previous bar close
  

and searches for the same combination of 2 bars (current and previous) in the past.

Then shows as % value how many times the next bar went up or down.
Grey bar compares ups and downs with all results, including cases when price did not move.
My testing is showing better results when current and previous bars colors are also used in the search.

٥ ديسمبر ٢٠٢٤

ملاحظات الأخبار

Added volume to the pattern check and set 60% match as default.