OPEN-SOURCE SCRIPT
Actualizado Price movement indicator
This indicator shows us if the price is moving up or down based on the ratio of current price vs previous bar.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.
HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.
Markets:
It can be used to all markets.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.
HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.
Markets:
It can be used to all markets.
Notas de prensa
- [* Potential LONG and SHORt entries (green and red circles)]
[* Signal line (blue)]
Notas de prensa
- Potential SHORT and LONG entriesSHORT = red circle
LONG = green circle
- Signal line (blue)
Notas de prensa
Removed unnecessary plots and variables.Notas de prensa
HMA added to bring more smoothness
Notas de prensa
HMA Offset addedNotas de prensa
Entry points are clear now.Green - LONG
Red - SHORT
Notas de prensa
Added SMA length for pricecomparison n-bars backEMA set to 100
Offset set to 25
Notas de prensa
Minor bug fixedNotas de prensa
Chart error fixedScript de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.