Shaved Bars Buy/Sell Pressure Indicator for ThinkorSwim

[BenTen]

Shaved Bars is one of the price pattern indicators converted from TradingView to ThinkorSwim. It shows buying and selling pressure based on the candlestick. It checks to see if the candle closed above or at 5% of the high for the previous candle.

Notes:

• Pink = Down Shaved Bars - Selling Pressure
• Cyan = Up Shaved Bars - Buying Pressure

thinkScript Code

# WalkingBallista
# Converted from https://www.tradingview.com/script/GHnJs0X8-CM-Price-Action-Bars-Price-Patterns-That-Work/

def range = high - low;
input pctS = 5;
def pctCs = pctS * .01;

def sBarUp = close >= (high - (range * pctCs));
def sBarDown = close <= (low + (range * pctCs));

DefineGlobalColor("color1", color.cyan) ;
DefineGlobalColor("color2", color.magenta);
assignpriceColor(if sBarUp then GlobalColor("color1") else if sBarDown then GlobalColor("color2") else Color.Current);

Shareable Link

https://tos.mx/Grei9P

Credits:

• @WalkingBallista
• ChrisMoody

 

[FOTM_8888]

Hi ben. do you have the scan for the shaved candles indicator? thank you some much! keep up the good job

 

[BenTen]

@FOTM_8888 This snippet below will add arrows to both shaved bars. You can use that with the scanner.

plot shavedbar_up = sBarUp;
shavedbar_up.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
shavedbar_up.SetDefaultColor(Color.CYAN);
shavedbar_up.SetLineWeight(1);
plot shavedbar_down = sBarDown;
shavedbar_down.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
shavedbar_down.SetDefaultColor(Color.MAGENTA);
shavedbar_down.SetLineWeight(1);

 

[FOTM_8888]

Hi @BenTen, a quick question, i say chis moody videos about the pin bars,inside bars, outside bars and shaved bars, i am missing the outside bars, do you have it? thank you some much

 

[BenTen]

@FOTM_8888 Here you go: https://usethinkscript.com/google-search/?q=outside+bar

 

[spencepuppy]

Does this repaint @BenTen @FOTM_8888 ?

 

[rad14733]

Does this repaint @BenTen @FOTM_8888 ?

@spencepuppy There is nothing in the Study that would cause any repainting once a bar/candle closes...

 

[maximillian]

@BenTen is there some way to change the color of the candles to a less vibrant color? It hurts my eyes rn. '

Thanks,

Max

 

[MerryDay]

@maximillian The 1st post has been updated. The colors are now modifiable: