OPEN-SOURCE SCRIPT
מעודכן

Price movement indicator

This indicator shows us if the price is moving up or down based on the ratio of current price vs previous bar.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.


HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.

Markets:
It can be used to all markets.
הערות שחרור
  • [* Potential LONG and SHORt entries (green and red circles)]
    [* Signal line (blue)]
הערות שחרור
- Potential SHORT and LONG entries
SHORT = red circle
LONG = green circle
- Signal line (blue)
הערות שחרור
Removed unnecessary plots and variables.
הערות שחרור

HMA added to bring more smoothness
הערות שחרור
HMA Offset added
הערות שחרור
Entry points are clear now.
Green - LONG
Red - SHORT
הערות שחרור
Added SMA length for pricecomparison n-bars back
EMA set to 100
Offset set to 25
הערות שחרור
Minor bug fixed
הערות שחרור
Chart error fixed

כתב ויתור