Only more significant breaks of these basic levels are displayed to the user when optimized which avoids noise and messy signals.
It will also display breaks with candles it deems to be (e.g. having a longer upper or lower wick).
The notation of "B" denotes a break of either a Support or with a greater than the threshold.
The notation of "Bull or Bear Wick" denotes a or candle on the break.
Left Bars - the number of bars left hand side of the .
Right Bars - the number of bars right hand side of the .
Threshold - the threshold value (%) for the Oscillator.
Usage & Details:
Knowing when a is broken with significance can be of great help to a trader. Many times significant levels may not be broken with significant force and the move is therefore weaker and possibly not worth trading.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.