Albrooks — Indicators and Strategies

Zen CSC Bar Strategy v1 🧠 Zen Consecutive Bar Strategy — Research Tool (Trend + Reversal) **Description:** This strategy is designed as a flexible research tool for studying price behavior following consecutive bull or bear bars. It allows users to explore breakout and reversal scenarios with full control over trade entry and filtering logic. **🔧 Key Features:** * **Configurable bar sequence**: Detects customizable streaks of consecutive bull or bear bars. * **Trend or Reversal mode**: Toggle between breakout-style entries or fade/reversal-style setups. * **MA-based filter**: Optionally restrict trades to occur above or below the 20-period moving average. * Longs can be limited to above/below MA * Shorts can be limited to above/below MA * **Customizable R-multiple targets**: Choose between 0.5R, 1R, 1.5R, or 2R reward targets. * **Stop loss logic**: Uses syminfo.mintick to offset stops by 1 tick beyond the pattern high/low. * **Entry logic**: Buy/Sell either on the close of the setup bar or on breakout beyond high/low. * **Trade direction**: Enable long-only, short-only, or both. **📊 Research Use Only:** This is not a ready-to-trade system. It’s intended to help traders test ideas and collect performance stats under different configurations. Use it to: * Evaluate the failure rate of open spikes * Study behavior following strong directional bars * Compare trend-following vs mean-reversion edge across sessions **❗Disclaimer:** This script is for educational purposes only. It does not constitute financial advice. Past performance does not guarantee future results.

Zen Open - 18 Bar v2 Zen Open – 18 Bar Box (RTH Study Tool) 📄 Description: This script highlights the first 18 bars of each Regular Trading Hours (RTH) session with a visual box and optional range label. It is intended as a study aid for traders analyzing early session structure. Features: • Draws a box around the first 18 bars of the RTH session • Displays the total range as a label (optional) • Fully customizable box color and transparency Intended Use: This is an educational and visual analysis tool to help traders research how the RTH open influences the rest of the session. Tight opening range may suggest range expansion Wide opening range may indicate reduced movement or reversal risk This script does not generate trading signals, does not offer financial advice, and does not promote any service. It is provided for discretionary study and chart analysis only.

Al Brooks Second Entry **\ Al Brooks Second Entry Indicator\ ** This custom indicator helps identify second-entry setups based on Al Brooks' price action principles. The script marks key levels in trending markets, indicating potential long and short entries. It displays the first and second entry signals (H1, H2, L1, L2) as well as relevant pullback zones for added clarity. \ Features:\ \ \ \ First Entry Signals\ : H1 (Long) and L1 (Short) are marked when a trend begins to form. \ \ Second Entry Signals\ : H2 (Long) and L2 (Short) are plotted once the market pulls back and continues in the direction of the trend. \ \ EMA Filter\ : An Exponential Moving Average (EMA) is included to filter trades in the direction of the trend (longs above EMA, shorts below EMA). \ \ Pullback Zones\ : Highlighted areas to assist in identifying optimal zones for entry. \ \ Adjustable Label Sizes\ : Customize the appearance of the entry labels (tiny or small). \ \ Inputs:\ \ \ \ Show First/Second Entry\ : Control whether the first (H1, L1) and second (H2, L2) entry signals are displayed. \ \ EMA Length\ : Set the length of the EMA to use for trend direction. \ \ Label Size\ : Choose between tiny and small label sizes for clear chart visibility. \ \ Pullback Zones\ : Toggle the highlighting of pullback zones. \ \ How it Works:\ \ \ The indicator detects a trend direction using price action (new highs/lows, inside/outside bars). \ Once a trend is identified, it waits for a pullback and marks the first and second entry points (H1, H2, L1, L2). \ The indicator also plots the EMA to help confirm the overall market bias. \ Pullback zones are drawn to help spot potential areas of support or resistance. \ This script is ideal for traders looking to trade retracements in trending markets, providing clear entry signals and a visual representation of market structure.

Zen ABR ### **Average Bar Range (ABR) Levels** – A Simple Yet Powerful Scalping Tool The **ABR Levels** indicator dynamically calculates the **average bar range** and plots three key levels on your chart: ✅ **0.5x ABR** – Half the average bar range ✅ **1x ABR** – The full average bar range ✅ **2x ABR** – Double the average bar range This provides an **instant volatility gauge**, helping traders adjust position size, stop losses, and targets **based on current market conditions** rather than arbitrary numbers. ### **How It Works** - The indicator calculates **the average range of the last 8 bars** (default setting, adjustable). - The **ABR levels update in real time**, appearing in the **top-right corner of your chart** for easy reference. - Works across **any instrument and timeframe** – great for scalpers and intraday traders. ### **Why Use ABR Levels?** 🚀 **Avoid oversized losses** – Trade dynamically instead of using fixed stops and targets. 📉 **Recognize shifts in market conditions** – Identify when volatility is expanding or contracting. 🎯 **Refine your entries & exits** – Use ABR levels to **scale** your positions intelligently. ### **Pro Tip:** Never enter a trade **aiming for half-R** profits. If a trade goes badly, **you might manage it to break even or half-R**, but aiming for tiny wins will **wreck your long-term edge**. 🔹 **This script is open-source!** If you're not on TradingView, you can copy the code into any AI tool to generate it for your platform. 🚀

Price Action All In One This indicator represents the most advanced level of price action indicators, incorporating six useful features: traditional gaps, shadow gaps, bar counting, moving averages, previous values, and IO pattern matching . When I refer to price action, I mean the teachings of Dr. Al Brooks. While you can find these features in other indicators, mine is more advanced. The default settings are designed to work on a 5-minute timeframe, but you can also use this indicator on other time periods if you prefer. Gaps Traditional Gaps: Occurs when the lowest price of a bar is higher than the highest price of the previous bar, or the highest price of a bar is lower than the lowest price of the previous bar. Shadow/Tail Gaps: Occurs when the lowest price of a bar is higher than the highest price of the second last bar, or the highest price of a bar is lower than the lowest price of the second last bar. Gaps indicate strength, and consecutive gaps in one direction are characteristic of a strong trend. They offer a perspective on the strength of a trend, signifying that limit orders on one side are at a loss with no opportunity to exit at breakeven. Can bulls or bears create gaps? Are the gaps they create filled, or do they remain open? Traditional Gaps & Shadow/Tail Gaps Bar Counting The ability to use different timeframes (e.g., to determine the minute within an hour or the hour within a week). Consistent display of 1; in other indicators, if you set intervals to 2, you see 2, 4, 6, etc., or 1, 2, 4, 6. In my indicator, you will see 1, 3, 5, etc. In intraday trading, certain specific times are more important than others. For example, a form of reversal is more likely to occur at the midpoint of the trading day (if there are 80 candles in a day, the midpoint is at the 40th candle). This doesn't mean you should make reversal trades at the 40th candle. The bar count feature simply reminds you of the current time, helping you gauge how long until the trading day ends. For instance, if there are 80 candles in a day and you're an intraday trader, you probably shouldn't make a swing trade at the 70th candle because there are only 10 candles left until the close—likely not enough time for a swing to develop. Additionally, if you trade on a 5-minute timeframe, seeing candles numbered 3, 6, 9, etc. indicates the close of a 15-minute candle. This means that in addition to 5-minute timeframe traders, 15-minute timeframe traders will also pay attention to these candles, making them more significant. For the same reason, the 12th candle is crucial, as its close also marks the close of an hourly candle. Day Time Frame & Week Time Frame Moving Averages Provides three EMAs. You can set different timeframes and choose between continuous or discrete modes. Moving averages are excellent tools for determining trends. The 20 EMA is particularly popular, which increases its significance. Traders using different timeframes, such as 5-minute, 15-minute, and 1-hour, all utilize the 20 EMA. This indicator allows you to see what traders on 15-minute and 1-hour timeframes are observing, even when you're on a 5-minute timeframe. Once again, the default settings of this indicator assume that the user is trading intraday on a 5-minute timeframe. However, if that's not the case, you can easily adjust the moving average periods. For instance, if you trade on a 1-hour timeframe and want to display the 4-hour and daily moving averages on your chart, this can be done effortlessly. 5m 20, 15m 20 & 1h 20 Previous Values Features three previous value displays. You can set their sources and timeframes independently and define the range for all previous values. For intraday trading, marking the previous day's high, low, and close prices can be crucial. While some other indicators provide this feature, mine does it better. You can set different timeframes and choose various sources. For example, you might want to display the average of (O+H+L+C)/4 for the last week. In addition to setting the timeframe and source, you can also configure the display range: All: This will show the data in all positions. For example, you can see the high price from two days ago on yesterday's chart. Today: This will only display the previous day's high price on the current day's chart. Timeframe: This will display the data based on the specified timeframe you set. Last Week High, Last Day Close & Low(Timeframe Display) IO Pattern Matching More advanced than other IO pattern matching indicators. For adjacent IIs, it merges to display as III, IIII, and so on. The same applies to OO patterns. Additionally, it automatically merges adjacent IOI and II into IOII, and adjacent OO and IOI into IIOI. II Pattern: This refers to two consecutive inside bar candles. On a lower timeframe, the II pattern forms a converging triangle, which is a breakout pattern. The II pattern could also potentially become a final flag, which is the last flag in a trend. OO Pattern: This refers to two consecutive outside bar candles. On a lower timeframe, the OO pattern forms an expanding triangle. You can use the OO pattern similarly to how you would use an expanding triangle. IOI Pattern: This pattern occurs when the first candle is contained within the second candle, and the third candle is also contained within the second candle. This is a breakout pattern and could similarly represent a terminal flag in a trend. The appearance of II, OO, or IOI patterns does not necessarily mean you should make a reversal trade. These patterns are meant to mark potential moves in a lower timeframe within the current cycle, providing a new perspective on the market and reminding you to stay vigilant. You shouldn't look for IO patterns in a tight trading range. There are many IO patterns in a tight trading range, but they don't hold much significance. II, OO & IOI

Brooks Always In [KintsugiTrading]Brooks Always In Overview: The "Brooks Always In Indicator" by KintsugiTrading is a tool designed for traders who follow price action methodologies inspired by Al Brooks. This indicator identifies key bar patterns and breakouts, plots an Exponential Moving Average (EMA), and highlights consecutive bullish and bearish bars. It is intended to assist traders in making informed decisions based on price action dynamics. Features: Consecutive Bar Patterns: Identifies and highlights consecutive bullish and bearish bars. Differentiates between bars that are above/below the EMA and those that are not. Customizable EMA: Option to display an Exponential Moving Average (EMA) with user-defined length and offset. The EMA can be smoothed using various methods such as SMA, EMA, SMMA (RMA), WMA, and VWMA. Breakout Patterns: Recognizes bullish and bearish breakout bars and outside bars. Tracks inside bars and prior bar conditions to better understand the market context. Customizable Display: Users can display or hide the EMA, consecutive bar patterns, and consecutive bars relative to the moving average. How to Use: Customize Settings: First, I like to navigate to the top right corner of the chart (bolt icon), and change both the bull and bear body color to match the background (white/black) - this helps the user visualize the indicator far better. Next, Toggle to display EMA, consecutive bar patterns, and consecutive bars relative to the moving average using the provided input options. Adjust the EMA length, source, and offset as per your trading strategy. Select the smoothing method and length for the EMA if desired. Analyze Key Patterns: Observe the highlighted bars on the chart to identify consecutive bullish and bearish patterns. Use the plotted EMA to gauge the general trend and analyze the relationship between price bars and the moving average. Informed Decision Making: Utilize the identified bar patterns and breakouts to make informed trading decisions, such as identifying potential entry and exit points based on price action dynamics. Good luck with your trading!

Brooks 18 Bars [KintsugiTrading]Brooks 18 Bars Overview: This indicator allows traders to specify a time frame within each trading day and plots lines at the highest and lowest prices recorded during that period. It is particularly useful for identifying key levels of support and resistance within a specified time range. Features: User-Defined Time Frame: Traders can input their desired start and end times in a 24-hour format, allowing flexibility to analyze different market sessions. High and Low Price Levels: The indicator plots lines representing the highest and lowest prices observed within the specified time frame each day. Clear Visual Representation: The high and low lines are color-coded for easy identification, with the high & low prices in Kintsugi Trading Gold. How to Use: Set the Time Frame: Adjust the "Start Time Hour" and "Start Time Minute" to define the beginning of your desired time frame. Adjust the "End Time Hour" and "End Time Minute" to define the end of your desired time frame. Analyze Key Levels: Al Brooks popularized the following idea and basis for creating this indicator: On a 5-minute chart, Bar 1 has a 20-30% chance of being the High or Low of the day. Bar 12 has a 50% chance. Bar 18 has an 80-90% chance. Use the plotted lines to identify significant support and resistance levels within your specified time frame. These levels can help inform your trading decisions, such as entry and exit points. Good luck with your trading!