OPEN-SOURCE SCRIPT
Pour Niki daily
This indicator allows bullish trend following by visually highlighting :
1/ the trend
2/ impulsive candles
3/ corrective movements
CHANELS: Chanels are created with 3 lines:
UPPER line is the line of the highs
STOPLOSS (dotted line) is a moving average that can be used for STOP LOSS positioning
END OF TREND is a moving average used to show a potential end of current trend
Periods are 20 and 7 for Daily Charts, can be changed to 7 and 3 for Weekly Charts
1. TREND detection
if the background is GREEN: Bullish
if the background is WHITE: Bearish
if the background is ORANGE: Uncertain
3. NEW TREND STARTING
▲ indicates the beginning of a new bullish trend
2. IMPULSIVE CANDLES in light green
can be used to look for a new entry point or for a partial profit in a running bullish trend
3. ALERTS
! indicates a corrective movement with the low close to the STOPLOSS line
1/ the trend
2/ impulsive candles
3/ corrective movements
CHANELS: Chanels are created with 3 lines:
UPPER line is the line of the highs
STOPLOSS (dotted line) is a moving average that can be used for STOP LOSS positioning
END OF TREND is a moving average used to show a potential end of current trend
Periods are 20 and 7 for Daily Charts, can be changed to 7 and 3 for Weekly Charts
1. TREND detection
if the background is GREEN: Bullish
if the background is WHITE: Bearish
if the background is ORANGE: Uncertain
3. NEW TREND STARTING
▲ indicates the beginning of a new bullish trend
2. IMPULSIVE CANDLES in light green
can be used to look for a new entry point or for a partial profit in a running bullish trend
3. ALERTS
! indicates a corrective movement with the low close to the STOPLOSS line
Script de código abierto
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