🔍 A Simple Visual Tool for Spotting Spikes, Second Legs — and Now, Counter-Trend Reversals!

I’ve been building a set of visual tools to help day traders read price action faster, cleaner, and with less noise.

One of the more useful tools in the kit has been the 3 Consecutive Same-Colour Bars script — what I call the 3CSC.

Link here: https://www.tradingview.com/script/9YdxpJ7C-Zen-3CSC-bars-V1/

https://www.tradingview.com/script/9YdxpJ7C-Zen-3CSC-bars-V1/

It’s simple: it highlights when you get 3 (or more) consecutive bull or bear bars. That’s often a sign of strong momentum — useful for spotting:

  • Opening spikes
  • 🔁 Second legs
  • 📈 Persistent pressure that leads to breakouts

🔄 New: Counter-Trend Filter

In this latest update, I’ve added an optional setting to help you study reversal setups.

✅ When enabled, the script will only highlight 3-bar sequences that move against the EMA20 trend:

  • 🟩 Bullish sequences that form below the EMA
  • 🟥 Bearish sequences that form above the EMA

This helps isolate:

  • Potential exhaustion moves
  • Failed breakout attempts
  • The early stages of a counter-trend reversal

The EMA is fully transparent by default — so it doesn’t clutter your chart, but it still works behind the scenes to shape context.


⚙️ Extra Options

For deeper analysis, you’ve also got optional filters:

  • ✅ Require each bar to close beyond the high/low of the previous bar (adds confirmation strength)
  • ✅ Highlight price gaps for identifying urgency or vacuum moves

All settings are toggleable, so you can tailor the view to your own style and focus.


🧠 Why This Matters

This is not a signal tool.

It’s a study tool.

Use it to:

  • 🧪 Research spike behavior at different times of day
  • 🔬 Track which counter-trend moves get follow-through
  • 📸 Build a screenshot archive of patterns you’re learning
  • 📓 Refine your playbook by seeing clean, repeatable pressure structures

The goal isn’t to tell you what to do — it’s to show you what’s happening.

Less noise. More insight.


📌 Link to script: https://www.tradingview.com/script/9YdxpJ7C-Zen-3CSC-bars-V1/
Tim F


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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!