OPEN-SOURCE SCRIPT
B + A + D v0.4
This script combines a momentum histogram (B-Xtrender) with trend strength and direction filters (ADX + DI).
The histogram is built from EMA differentials processed through RSI, showing short- and long-term momentum shifts around the zero line. ADX with DI+ / DI− is used to confirm whether the market is trending and in which direction.
Bullish signals appear when the histogram turns positive and DI+ dominates DI− with sufficient trend strength.
Bearish signals appear when the histogram turns negative and DI− dominates DI+ with sufficient trend strength.
Important note for users:
The strongest and most reliable signals are those that appear immediately after the histogram crosses the zero line (from negative to positive or from positive to negative). Signals that appear later, while the histogram is already extended in the trend, tend to be weaker and should be treated as continuation signals rather than high-probability reversals.
Credits:
Special thanks to the authors of the original concepts and scripts:
pl.tradingview.com/v/VTPMMOrx/
pl.tradingview.com/v/YHZimEz8/
The histogram is built from EMA differentials processed through RSI, showing short- and long-term momentum shifts around the zero line. ADX with DI+ / DI− is used to confirm whether the market is trending and in which direction.
Bullish signals appear when the histogram turns positive and DI+ dominates DI− with sufficient trend strength.
Bearish signals appear when the histogram turns negative and DI− dominates DI+ with sufficient trend strength.
Important note for users:
The strongest and most reliable signals are those that appear immediately after the histogram crosses the zero line (from negative to positive or from positive to negative). Signals that appear later, while the histogram is already extended in the trend, tend to be weaker and should be treated as continuation signals rather than high-probability reversals.
Credits:
Special thanks to the authors of the original concepts and scripts:
pl.tradingview.com/v/VTPMMOrx/
pl.tradingview.com/v/YHZimEz8/
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.
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.