Dual BB Candle Coloring

8월 3일

Dual Timeframe Bollinger Band Candle Coloring Indicator
What it does:
This indicator automatically colors candlesticks on your chart based on how price interacts with Bollinger Bands from two different timeframes - the 5-minute and 1-hour charts. It's designed to help traders quickly spot potential trading opportunities without cluttering their chart with multiple indicator lines.
How it works:
The indicator monitors when price touches or breaks through the upper and lower Bollinger Bands, then colors the candles according to specific rules:
For Bullish/Long Opportunities (Lower Band Signals):

Light Blue candles: When a bullish candle (closing higher than opening) touches or dips below the 5-minute Bollinger Band's lower line
Bright Green candles: When a bullish candle touches or dips below BOTH the 5-minute AND 1-hour Bollinger Band lower lines - a stronger signal

For Bearish/Short Opportunities (Upper Band Signals):

Yellow candles: When a bearish candle (closing lower than opening) touches or rises above the 5-minute Bollinger Band's upper line
Red candles: When a bearish candle touches or rises above BOTH the 5-minute AND 1-hour Bollinger Band upper lines - a stronger signal

Why it's useful:

Clean Charts: Instead of displaying multiple Bollinger Band lines that can clutter your view, it simply colors the candles
Multi-Timeframe Analysis: Combines signals from both 5-minute and 1-hour timeframes on a single 5-minute chart
Quick Visual Signals: The color coding lets you instantly see potential entry points without analyzing multiple indicators
Strength Indication: Differentiates between single timeframe signals (lighter colors) and confluence signals from both timeframes (brighter colors)

Trading Context:
Bollinger Bands typically indicate overbought/oversold conditions. When price touches the lower band, it might bounce up (bullish). When it touches the upper band, it might reverse down (bearish). This indicator highlights these moments, with stronger signals when both timeframes agree.RetryClaude can make mistakes. Please double-check responses.

8월 3일

릴리즈 노트

Dual Timeframe Bollinger Band Candle Coloring Indicator

**What it does:**

This indicator automatically colors candlesticks on your chart based on how price interacts with Bollinger Bands from two different timeframes - the 5-minute and 1-hour charts. It's designed to help traders quickly spot potential trading opportunities without cluttering their chart with multiple indicator lines.

**How it works:**

The indicator monitors when price touches or breaks through the upper and lower Bollinger Bands, then colors the candles according to specific rules:

**For Bullish/Long Opportunities (Lower Band Signals):**
- **Light Blue candles**: When a bullish candle (closing higher than opening) touches or dips below the 5-minute Bollinger Band's lower line
- **Bright Green candles**: When a bullish candle touches or dips below BOTH the 5-minute AND 1-hour Bollinger Band lower lines - a stronger signal

**For Bearish/Short Opportunities (Upper Band Signals):**
- **Yellow candles**: When a bearish candle (closing lower than opening) touches or rises above the 5-minute Bollinger Band's upper line
- **Red candles**: When a bearish candle touches or rises above BOTH the 5-minute AND 1-hour Bollinger Band upper lines - a stronger signal

**Key Features:**

1. **Clean Charts**: Instead of displaying multiple Bollinger Band lines that can clutter your view, it simply colors the candles
2. **Multi-Timeframe Analysis**: Combines signals from both 5-minute and 1-hour timeframes on a single 5-minute chart
3. **Quick Visual Signals**: The color coding lets you instantly see potential entry points without analyzing multiple indicators
4. **Strength Indication**: Differentiates between single timeframe signals (lighter colors) and confluence signals from both timeframes (brighter colors)
5. **Built-in Alerts**: Four customizable alert options that notify you when specific trading signals occur:
- Light Blue Candle alert (5m long signal)
- Bright Green Candle alert (double band long signal)
- Yellow Candle alert (5m short signal)
- Red Candle alert (double band short signal)
6. **Customizable Colors**: You can modify the candle colors in the Pine Script code to match your personal preferences or trading theme

**Trading Context:**

Bollinger Bands typically indicate overbought/oversold conditions. When price touches the lower band, it might bounce up (bullish). When it touches the upper band, it might reverse down (bearish). This indicator highlights these moments, with stronger signals when both timeframes agree, making it easier to spot high-probability trading setups at a glance.

8월 3일

릴리즈 노트

Dual Timeframe Bollinger Band Candle Coloring Indicator

**What it does:**

This indicator automatically colors candlesticks on your chart based on how price interacts with Bollinger Bands from two different timeframes - the 5-minute and 1-hour charts. It's designed to help traders quickly spot potential trading opportunities without cluttering their chart with multiple indicator lines.

**How it works:**

The indicator monitors when price touches or breaks through the upper and lower Bollinger Bands, then colors the candles according to specific rules:

**For Bullish/Long Opportunities (Lower Band Signals):**
- **Light Blue candles**: When a bullish candle (closing higher than opening) touches or dips below the 5-minute Bollinger Band's lower line
- **Bright Green candles**: When a bullish candle touches or dips below BOTH the 5-minute AND 1-hour Bollinger Band lower lines - a stronger signal

**For Bearish/Short Opportunities (Upper Band Signals):**
- **Yellow candles**: When a bearish candle (closing lower than opening) touches or rises above the 5-minute Bollinger Band's upper line
- **Red candles**: When a bearish candle touches or rises above BOTH the 5-minute AND 1-hour Bollinger Band upper lines - a stronger signal

**Key Features:**

1. **Clean Charts**: Instead of displaying multiple Bollinger Band lines that can clutter your view, it simply colors the candles
2. **Multi-Timeframe Analysis**: Combines signals from both 5-minute and 1-hour timeframes on a single 5-minute chart
3. **Quick Visual Signals**: The color coding lets you instantly see potential entry points without analyzing multiple indicators
4. **Strength Indication**: Differentiates between single timeframe signals (lighter colors) and confluence signals from both timeframes (brighter colors)
5. **Built-in Alerts**: Four customizable alert options that notify you when specific trading signals occur:
- 5m Long Signal
- Double Band Long Signal
- 5m Short Signal
- Double Band Short Signal
6. **Customizable Colors**: You can modify the candle colors in the Pine Script code to match your personal preferences or trading theme

**Trading Context:**

Bollinger Bands typically indicate overbought/oversold conditions. When price touches the lower band, it might bounce up (bullish). When it touches the upper band, it might reverse down (bearish). This indicator highlights these moments, with stronger signals when both timeframes agree, making it easier to spot high-probability trading setups at a glance.

8월 4일

릴리즈 노트

Boom Signals Indicator

**What it does:**

Boom Signals is a proprietary candle coloring system that identifies high-probability trading opportunities by analyzing price action across multiple timeframes. The indicator automatically colors candlesticks when specific market conditions align, giving traders clear visual signals without cluttering their charts.

**How it works:**

The indicator uses a dual-tier signal system that evaluates price momentum and market structure:

**Bullish Boom Signals (Long Opportunities):**
- **Tier 1 Bull Signal** (Light Blue): Indicates a standard bullish setup when price action meets the primary criteria
- **Tier 2 Bull Signal** (Bright Green): Indicates a stronger bullish setup when price action satisfies both primary and secondary confirmation criteria

**Bearish Boom Signals (Short Opportunities):**
- **Tier 1 Bear Signal** (Yellow): Indicates a standard bearish setup when price action meets the primary criteria
- **Tier 2 Bear Signal** (Red): Indicates a stronger bearish setup when price action satisfies both primary and secondary confirmation criteria

**Key Features:**

1. **Clean Visual System**: Colors entire candles (body and wicks) for instant signal recognition
2. **Multi-Timeframe Analysis**: Analyzes price action across different timeframes simultaneously on your 5-minute chart
3. **Tier-Based Strength Indication**: Tier 2 signals represent stronger setups with multiple confirmations
4. **Customizable Colors**: Adjust the four signal colors to match your personal preferences
5. **Built-in Alert System**: Four alert options notify you when signals occur:
- Tier 1 Bullish Boom Signal
- Tier 2 Bullish Boom Signal
- Tier 1 Bearish Boom Signal
- Tier 2 Bearish Boom Signal

**Trading Application:**

Boom Signals identifies potential reversal and continuation opportunities by detecting when price reaches extreme conditions. Tier 1 signals suggest initial opportunity zones, while Tier 2 signals indicate stronger setups where multiple factors align. The color-coded system allows traders to quickly assess market conditions and potential entry points at a glance.

8월 4일

릴리즈 노트

## RSI Scalp Mastery Indicator

**Overview:**

RSI Scalp Mastery is an advanced candle coloring indicator that combines RSI momentum with Bollinger Band volatility analysis on the 1-minute timeframe. This dual-indicator approach provides more frequent and reliable scalping signals by identifying both momentum extremes and volatility breakouts.

**How It Works:**

The indicator monitors both 1-minute RSI and 1-minute Bollinger Bands simultaneously, coloring candles when either condition is met:

**Red Candles (Bearish Signal) appear when:**
- 1-minute RSI reaches overbought territory (default: 70+), OR
- Price touches, wicks through, or exceeds the 1-minute upper Bollinger Band

**Green Candles (Bullish Signal) appear when:**
- 1-minute RSI reaches oversold territory (default: 30-), OR
- Price touches, wicks through, or drops below the 1-minute lower Bollinger Band

**Features:**

✓ Dual indicator system (RSI + Bollinger Bands) on 1-minute data
✓ Works on any timeframe chart while analyzing 1-minute conditions
✓ Customizable RSI parameters (length, overbought/oversold levels)
✓ Adjustable Bollinger Band settings (length, standard deviation)
✓ Customizable signal colors
✓ RSI value display in status line
✓ Optional Bollinger Band plots (hidden by default)
✓ Combined alerts for both RSI and BB conditions

**Key Advantages:**

- **More Signals**: OR logic means more opportunities compared to single-indicator systems
- **Dual Confirmation**: Catches both momentum exhaustion (RSI) and volatility extremes (BB)
- **Reduced False Signals**: Two different methodologies working together
- **Flexible Timeframe**: View 1-minute conditions on any chart timeframe

**Best Practices:**

- Ideal for scalping on 1m, 3m, and 5m charts
- Use in trending markets for pullback entries
- Combine with volume analysis for stronger signals
- Consider market structure and support/resistance levels

**Settings:**
- RSI Length, Overbought/Oversold Levels
- BB Length and Standard Deviation
- Custom colors for bullish/bearish signals

**Risk Warning:** This indicator is designed for short-term scalping. Always use proper risk management and combine with other analysis methods for best results.