OPEN-SOURCE SCRIPT
Didi ATR Hybrid
Actualizado
This is a hybrid indicator that combines the Didi Index with the Average True Range.
It acts as both an ATR and a Confirmation indicator, based on the No-Nonsense Forex (NNFX) trade rules.
The Didi Index takes three moving averages to build a fast line (MA1 and MA2) and a slow line (MA2 and MA3). You can use it several different ways (2 lines cross, zero-cross); in this setup, we only use the slow line with the zero-cross to produce a signal (source code is set up to take advantage of the fast line - you just need to plot it yourself).
ATR is a measure of candle volatility.
The plotted value is equal to the ATR, which then gets colored based on:
Black: Didi Index is below 0 - do not enter trade
Red: Didi Index is above 1, but the previous candle closed >1x ATR - do not enter trade (too volatile)
Green: Didi Index is above 1, and the previous candle closed <1x ATR - a possible trend is confirmed and you may enter the trade (use other indicators too)
The provided chart does not look exciting - as with NNFX, I am posting it with the
EURUSD, which is one of the harder FX pairs to trade.
It acts as both an ATR and a Confirmation indicator, based on the No-Nonsense Forex (NNFX) trade rules.
The Didi Index takes three moving averages to build a fast line (MA1 and MA2) and a slow line (MA2 and MA3). You can use it several different ways (2 lines cross, zero-cross); in this setup, we only use the slow line with the zero-cross to produce a signal (source code is set up to take advantage of the fast line - you just need to plot it yourself).
ATR is a measure of candle volatility.
The plotted value is equal to the ATR, which then gets colored based on:
Black: Didi Index is below 0 - do not enter trade
Red: Didi Index is above 1, but the previous candle closed >1x ATR - do not enter trade (too volatile)
Green: Didi Index is above 1, and the previous candle closed <1x ATR - a possible trend is confirmed and you may enter the trade (use other indicators too)
The provided chart does not look exciting - as with NNFX, I am posting it with the
EURUSD, which is one of the harder FX pairs to trade.Notas de prensa
- Updated the script to include long and short signals- Code and comments are a bit more readable
- Added support for all the ta.ma() variants that come with v5 scripts (and it's easy to copy and paste them for yourself too! ;)
Script 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.
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