I am trying to write a Pine script that observes the volume bars on a 3 minute chart and plots a triangleup entry point whenever there is any instance of the following:
Volume bars in the following sequence: A red bar followed by a shorter red bar followed by a taller green bar (in that order)
So FirstRed > Second Red < Green.
Any ideas?
I started with this from a different script and tried to modify it:
``
//@version=5
indicator(title="RRG", overlay=true, precision=2)
// Define input for percentage threshold
percentageThreshold = input.float(title="Percentage Threshold", defval=60, minval=0)
// Define green and red bars
isGreen = close > open
isRed = close < open
// Define conditions for the pattern
isFirstGreen = isGreen and isRed[1]
isSecondGreen = isGreen and isRed[1] and isGreen[2]
isFirstGreenTaller = isGreen and high > high[1]
isLastGreenThresholdMet = volume > volume[1] * (percentageThreshold / 100) and isSecondGreen
// Plot the pattern
plotshape(series=isFirstGreenTaller and isLastGreenThresholdMet, style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)
``