Indicator: Z Bars (Big Bars)

Concept

  • Big bars occur about 10% of the time
  • They can only happen is bulls and bears agree on it
  • The ability to identify what happened JUST BEFORE that bar will help a trader to position to benefit from it in future
  • 50% pullbacks of big bars are a reasonable strategy for scalping
  • Trading Range Days have many of these – climaxes

Link here:

https://www.tradingview.com/script/tyYbvaQj-Zen-Z-Bars-V1

There are a whole bunch of setting you can play with.

Examples


Trading Range Day

8 responses to “Indicator: Z Bars (Big Bars)”

  1. Trader Skills #2: Urgency – Big Bars – Zen Trading Tech Avatar
  2. ANDREAS Avatar
    ANDREAS

    Unfortunately link to the script is missing

    Like

    1. Tim Fairweather Avatar

      Hi mate thanks for this I just updated it

      Like

  3. thouhid Avatar
    thouhid

    thanks

    Like

  4. John Avatar
    John

    Hi Tim,

    First off, I want to say thank you! for creating this site and all of its price action practice content. Your drills and demonstrations have helped me realize a structured and more disciplined cycle of dailytpractice / study based on your work and the Brooks Trading Course.
    As part of my work with your drills, I’ve been transcribing some the TradingView indicators to ThinkOrSwim, which is the platform I “grew up” on and am still most comfortable with. This Z-bar indicator has me a little puzzled because I did not see the functionality behind some of the indicator inputs in this version (v1) of the script. Is there a later version where inputs like “Show reversals”, “Show CX targets”, “Show Signal Line” etc are implemented?

    also, if you think my thinkscript versions of the indicators might be useful for your site, let me know and I’ll get them to you. Thanks again

    Liked by 1 person

    1. Tim Fairweather Avatar

      John – thanks for your message! Appreciate your offer, making them for TOS is a great idea and will help other traders, you let me know how to best link to them – re functionality, I’m better at trading than coding so I have probably got stuff in there that did not need to be so you’re welcome to streamline them as you see fit – CX targets and reversals I think are in my reversals indicator elsewhere on the site – my mistake for not removing it!, Cheers, T

      Liked by 1 person

      1. quicklychief5d6106bdc9 Avatar
        quicklychief5d6106bdc9

        Sounds good, Tim! While I’m not a professional coder, I’ve had decent success with building scripts in a couple of trading platform languages (thinkscript, easylanguage). So the scripts should be useful, though more experienced coders may have better ways to do things. That said, ! I’ll reach out to you on when I’ve got some links to studies. Might have a few more questions too 🙂

        Liked by 1 person

      2. Tim Fairweather Avatar

        Great – yes you’re welcome to and thanks for your enthusiasm! T

        Like

Leave a reply to thouhid Cancel reply

I’m Tim

Welcome to Zen Trading Tech.

I’m a Aussie day trader and I post trading tips, practice drills, and indicators that helped my trading get to a professional level.

Everything here is to help train the eyes and hands to trade better. If it helped me I’ll post it for others. Hope you enjoy!