OPEN-SOURCE SCRIPT
Turbo Trigger
Some Words
This indicator is a collaboration between me and Himeyuri, i encourage you to check her profile and follow her tradingview.com/u/Himeyuri/
Introduction
A lot of indicators include a "trigger" line, it can be a smoothed version of another input, in this case the trigger will generate signals from his crosses with the input. The purpose of this indicator is to provide a fast trigger line to generate earlier signals as well as avoiding some whipsaw.
The Indicator
There are two lines, a bull line (blue) and the trigger (orange), when the trigger cross over the bull line a buy signal is generated, when the trigger cross under the bull line a sell signal is generated. The trigger is made from the smoothed difference between the bull and bear line.
smooth control the smoothness of the output. The Bull/Bear Mode is an idea proposed by Himeyuri that involve plotting the bear line instead of the trigger.
Bull/Bear Mode, the lines are somewhat asymmetrical from each others.
Conclusion
We have showcased a new indicator who use a really fast trigger line to generate earlier signals, if some are way to earlier you can still increase smooth in order to correct reactivity. I hope you find a use to it.
Thanks for reading !
A big thanks to Himeyuri who is a great student and great pinescripter.
This indicator is a collaboration between me and Himeyuri, i encourage you to check her profile and follow her tradingview.com/u/Himeyuri/
Introduction
A lot of indicators include a "trigger" line, it can be a smoothed version of another input, in this case the trigger will generate signals from his crosses with the input. The purpose of this indicator is to provide a fast trigger line to generate earlier signals as well as avoiding some whipsaw.
The Indicator
There are two lines, a bull line (blue) and the trigger (orange), when the trigger cross over the bull line a buy signal is generated, when the trigger cross under the bull line a sell signal is generated. The trigger is made from the smoothed difference between the bull and bear line.
smooth control the smoothness of the output. The Bull/Bear Mode is an idea proposed by Himeyuri that involve plotting the bear line instead of the trigger.
Bull/Bear Mode, the lines are somewhat asymmetrical from each others.
Conclusion
We have showcased a new indicator who use a really fast trigger line to generate earlier signals, if some are way to earlier you can still increase smooth in order to correct reactivity. I hope you find a use to it.
Thanks for reading !
A big thanks to Himeyuri who is a great student and great pinescripter.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.