OPEN-SOURCE SCRIPT
Actualizado Trendilo LSMA Band Example
The "Trendilo LSMA Example" indicator is a technical analysis tool that combines two moving averages, the Linear Regression Moving Average (LSMA) and the Hull Moving Average (HMA), to provide insights into market trends.
The indicator plots a line on the price chart, which represents the combined values of the LSMA and HMA. This line changes color based on the direction of the trend. When the line is green, it suggests an upward trend, indicating that prices may continue to rise. Conversely, when the line is red, it suggests a downward trend, indicating that prices may continue to fall. If the line is yellow, it suggests a neutral or sideways trend, indicating that prices may be moving within a range without a clear trend.
Traders can customize the indicator by adjusting the input parameters. The "LSMAlen" parameter determines the length of the LSMA, the "LSMA Offset" parameter sets the offset for the LSMA, and the "LSMA Smoother" parameter controls the smoothing factor. Additionally, the "HMAlen" parameter determines the length of the HMA.
By using the Trendilo LSMA Example indicator, traders can get a visual representation of the market trend and use it to make informed trading decisions. Green indicates a potential buying opportunity, red suggests a potential selling opportunity, and yellow suggests a period of uncertainty where it may be prudent to wait for a clearer trend signal.
The indicator plots a line on the price chart, which represents the combined values of the LSMA and HMA. This line changes color based on the direction of the trend. When the line is green, it suggests an upward trend, indicating that prices may continue to rise. Conversely, when the line is red, it suggests a downward trend, indicating that prices may continue to fall. If the line is yellow, it suggests a neutral or sideways trend, indicating that prices may be moving within a range without a clear trend.
Traders can customize the indicator by adjusting the input parameters. The "LSMAlen" parameter determines the length of the LSMA, the "LSMA Offset" parameter sets the offset for the LSMA, and the "LSMA Smoother" parameter controls the smoothing factor. Additionally, the "HMAlen" parameter determines the length of the HMA.
By using the Trendilo LSMA Example indicator, traders can get a visual representation of the market trend and use it to make informed trading decisions. Green indicates a potential buying opportunity, red suggests a potential selling opportunity, and yellow suggests a period of uncertainty where it may be prudent to wait for a clearer trend signal.
Notas de prensa
**Title fix***Script de código abierto
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Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.