PROTECTED SOURCE SCRIPT
Wolf
his code is a Range Filter with entry signals.
How it works:
It calculates the average candle range (the difference between the price and its previous value) using EMA.
Based on this range, it builds a filter — a “smoothed line” (central level) along with upper and lower bands.
If the price moves above the filter → uptrend (green zone). If it moves below → downtrend (red zone).
Trade conditions:
longCondition (buy): price is above the filter and the filter has turned upward.
shortCondition (sell): price is below the filter and the filter has turned downward.
On the chart it displays:
the filter (line),
upper/lower bands,
colored candles (if enabled),
BUY/SELL labels and alerts.
In simple terms: it’s an indicator that filters out market noise and shows when the price changes trend direction, giving entry signals.
How it works:
It calculates the average candle range (the difference between the price and its previous value) using EMA.
Based on this range, it builds a filter — a “smoothed line” (central level) along with upper and lower bands.
If the price moves above the filter → uptrend (green zone). If it moves below → downtrend (red zone).
Trade conditions:
longCondition (buy): price is above the filter and the filter has turned upward.
shortCondition (sell): price is below the filter and the filter has turned downward.
On the chart it displays:
the filter (line),
upper/lower bands,
colored candles (if enabled),
BUY/SELL labels and alerts.
In simple terms: it’s an indicator that filters out market noise and shows when the price changes trend direction, giving entry signals.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
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.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
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.