This indicator is based on Consensio Trading System by Tyler Jenks. It is showing you in real-time when Relativity is changing. It will help you understand when you should probably lower your position, and when to strengthen your position, when to enter a market, and when to exit a market.
What is Relativity? According to this trading system, you start by laying 3 Simple Moving Averages:
A Long-Term Moving Average (LTMA).
A Short-Term Moving Average (STMA).
A Price Moving Average (Price).
*The "Price" should be A relatively short Moving Average in order to reflect the current price.
When laying out those 3 Moving averages on top of each other, you discover 13 unique types of relationships:
So what's the big deal, you may ask? For the market to go from Bullish State (type A) to Bearish state (type G), the Market must pass through Relativity B, C, D, E, F. For the market to go from Bearish State (type G) to Bullish state (type A), the Market must pass through Relativity H, I, J, K, L. Knowing This principle helps you better plan when to enter a market, and when to exit a market, when to Lower your position and when to strengthen your position.
Recommendations
Different Moving Averages may suit you better when trading different assets on different time periods. You can go into the indicator settings and change the Moving Averages values if needed.
When Moving Averages are consolidating, the Relativity can change direction more often. When this happens, it is better to wait for a stronger signal than to trade on every signal.
you should also use the "Consensio Directionality Indicator" to predict the directionality of the market. While using both of my Consensio indicators together, please make sure that the Moving Averages on both of them are set to the same values
Consensio Trading System encourages you to make decisions based on Moving Averages only. I highly recommend disabling "candle view" by switching to "line view" and changing the opacity of the line to 0.
ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יוכלו להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אבל השימוש החוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.
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.