Belt Hold
By LuxAlgoJul 18, 2026
Belt Hold is an indicator on Vela, our next-generation charting platform, written in Pine Script®.
Belt Hold detects the belt hold candlestick (a one-candle line opening at one extreme of its range and closing hard toward the other), with each textbook requirement encoded as a measurable test, the pattern's first faithful build in the library. Detection requires counter-trend context (the prior close beyond a 14-bar average), a real body at least 1.2× the recent average, a shaved open within tolerance, a limited closing shadow, and a close reaching well into the previous candle's range. Each hit is labeled, and its opening extreme extends forward as the natural invalidation level.
How to Trade the Belt Hold?
- Bullish Belt Hold label: after a decline, the session opened essentially at its low and closed strongly higher. Buyers controlled it from the first print.
- Bearish Belt Hold label: the mirror after an advance, opening at the session high and closing strongly lower.
- Invalidation level breached: price traded back through the opening extreme. The rejection failed, the level turns dotted and dim, and a dedicated alert fires.
Belt Hold Settings
- Trend Length (default 14): average establishing the trend the candle prints against.
- Body Average Length (default 14): bars averaged to define a long real body.
- Long Body Multiplier (default 1.2): minimum body versus that average.
- Opening Shadow Tolerance % (default 5): largest shadow allowed on the opening side.
- Closing Shadow Tolerance % (default 25): shadow allowed at the closing end.
- Prior Range Penetration % (default 50): reach of the close into the prior candle's range.
- Require Gap Open (default disabled): restrict detection to the ideal gapping form.
- Next-Bar Confirmation (default disabled): mark only follow-through patterns, one bar later.
- Invalidation Levels (default enabled) with Show Last Levels (default 8) capping how many stay drawn.
- Style toggles cover labels, candle highlighting, and the trend basis plot.
Frequently Asked Questions
Free to use
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- Up to 500 Custom Alerts, with webhook automation
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- Orderflow lookback up to full history
- More Quant usage to customize it, plus extra usage when you need it
- Futures data alongside crypto, stocks, forex and commodities
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