OPEN-SOURCE SCRIPT
SMU Binary Decimal Candles
This script creates a Decimal and Binary representation of the price using ROC. The idea is to simplify the price action into a distance from Zero to upside and downside.
You can see clearly trend develops in the ROC in the decimal view, kind of like MACD but based on raw price action change. I'm' a big fan of raw price action, so my scripts are super simple.
You can also use this script in a binary mode close higher = 1 and lower is -1. I use the binary mode to remove the psychological pressure of watching the stock going against me. I turn off the actual price and only focus on number of reds vs blue. On a Quantum physics level, when I short, I observe /wish for more reds like last night 1% sell-off
The main message form all my scripts is think outside the box, experiment with something crazy that doesn't make sense at first and make it to make sense. I always start with an idea that pops into my head, script with Pine script super simple and then watch it for hours to see what is trying to tell me. I have many work in progress that still doesn't make sense but looks really weird and wonderful. When I figure out what is trying to tell me I publish it
You can see clearly trend develops in the ROC in the decimal view, kind of like MACD but based on raw price action change. I'm' a big fan of raw price action, so my scripts are super simple.
You can also use this script in a binary mode close higher = 1 and lower is -1. I use the binary mode to remove the psychological pressure of watching the stock going against me. I turn off the actual price and only focus on number of reds vs blue. On a Quantum physics level, when I short, I observe /wish for more reds like last night 1% sell-off
The main message form all my scripts is think outside the box, experiment with something crazy that doesn't make sense at first and make it to make sense. I always start with an idea that pops into my head, script with Pine script super simple and then watch it for hours to see what is trying to tell me. I have many work in progress that still doesn't make sense but looks really weird and wonderful. When I figure out what is trying to tell me I publish it
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 pretenden ser, ni constituyen, 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 pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.