OPEN-SOURCE SCRIPT

Sentinels

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Sentinels is a playful variation on combining different mean averages (MA).
A cross of 2 user-defined MA's (MA 1 & MA 2) initiates the drawing of a sentinel with tentacles, which, on its turn can provide potential support/resistance or entry/stop-loss/take profit zones.

תמונת-בזק

The type of each MA (MA 1, MA 2 and tentacles) can be chosen from following options:
  • SMA
  • EMA
  • SMMA (RMA)
  • HullMA
  • WMA
  • VWMA
  • DEMA
  • TEMA


🔹 Examples

תמונת-בזק
Fast & slow MA: HullMA, Tentacles: TEMA

תמונת-בזק
Fast & slow MA: SMA, Tentacles: WMA

תמונת-בזק
Fast & slow MA: WMA, Tentacles: WMA

תמונת-בזק
Fast & slow MA: TEMA, Tentacles: TEMA


🔶 DETAILS

🔹 Head-Body

The head-body is formed by:
  • the slow MA when there is a crossunder.
  • the fast MA when there is a crossover.

תמונת-בזק

תמונת-בזק

תמונת-בזק
The color of the head-body is a gradient which can be set. The color of the tentacles (non-gradient) can be set as well.

The head-body of the sentinel will be visible for maximum 60 bars after a cross has occured.

🔹 Tentacles

The length of the 'Tentacles' is calculated by taking the difference between the length of MA 1 and MA 2 , and dividing this by 6 -> diff.
The length of each tentacle is MA 1 + a multiple of diff.

The tentacles will only begin to show from 2 bars after a cross.

Each tentacle will be shown maximum x bars after the cross:
Tentacle 1: 15 bars
Tentacle 2: 20 bars
Tentacle 3: 25 bars
Tentacle 4: 30 bars
Tentacle 5: 35 bars
Tentacle 6: 40 bars

🔹 Switch lengths

תמונת-בזק
תמונת-בזק
By switching lengths the colors get switched too.
Note that the tentacles act differently though.
In that way, this can be an extra option to visualize the tentacles.


🔶 Happy Holidays

Merry Christmas and a Happy New Year!

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.