OPEN-SOURCE SCRIPT
Market Condition Detector
Actualizado
This script allows to change the background color of the main chart to green or red depending on the following factors:
Based on the QQQ graph whatever ticker you are watching
- Price > EMA20 Da
- Net New Highs > 0
- 10EMA Da > 20 EMA Da
When you are trading Break-Out, EP or other similar trades you will need the market at your back to improve both the winrate and the risk reward ratio.
This is a very useful tool if you struggle with the FOMO biais. It will help you detect the trend at a glance.
Remember that the top best trader are waiting for their trade to work and only after getting some traction, and only then will they take the next trade.
I also proceeded to find a formula that make the indicator be the smoother possible with the less possible amount of noise.
/!\ This indicator is intended for use on daily charts . /!\
Based on the QQQ graph whatever ticker you are watching
- Price > EMA20 Da
- Net New Highs > 0
- 10EMA Da > 20 EMA Da
When you are trading Break-Out, EP or other similar trades you will need the market at your back to improve both the winrate and the risk reward ratio.
This is a very useful tool if you struggle with the FOMO biais. It will help you detect the trend at a glance.
Remember that the top best trader are waiting for their trade to work and only after getting some traction, and only then will they take the next trade.
I also proceeded to find a formula that make the indicator be the smoother possible with the less possible amount of noise.
/!\ This indicator is intended for use on daily charts . /!\
Notas de prensa
- Inputs have been arranged and cleaned- Now possible to modify reference ticker for calculation
Notas de prensa
- Changed opacity from 70 to 85- Changed the reference ticker from QQQ to SP:SPX for better historical results
Notas de prensa
- Deleted drawings on the graph, woopsScript 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.
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.