OPEN-SOURCE SCRIPT

Belkhayate Timing [LazyBear]

--- Update April 11, 2015 ----

I have merged in @TheMighyChicken's code (Thanks!) and added some more options. Updated source here - pastebin.com/fVx5Bugi

Changes:
--------------
- Switch between plain candles and colored oscillator candles.
- Switch between candles and plain oscillator view.

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--- Original Description ---

Belkhayate Timing, by Mostafa Belkhayate, is very famous in the Forex groups. This is a port from one of the MT4 versions available. If you have used this in other platforms, do let me know if this looks compared to those.

The usage is similar to that of ValueChart (tradingview.com/v/vqWXNNq2/). The middle area is the centroid or neutral area, the shaded regions (red/green) are extreme and beyond those are AlertZones. This seems to be used in conjunction with his other indicators, but, in my limited testing, I have seen this give a lot of good signals, especially on divergences.

Indicator allows coloring bars based on the oscillator position or show oscillator histogram (Check the options page).

Histogram=ON:
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No Oscillator Smoothing:
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@TheMightyChicken Can you do your candle magic on this oscillator too, just like you did for ValueChart? :)

More Info:
forexfactory.com/attachment.php?attachmentid=942089&d=1334351098

List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970
belkhayatecustomindicatorslazybearMomentum OscillatorsOscillatorsvaluechart

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?


List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
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