OPEN-SOURCE SCRIPT

High-Low Difference Channels r2

Aktualisiert
About:

I developed the original as an experiment to potentially replace or augment my BB and RSI based strategies. After some back-testing I could see some really interesting results but it wasn't quite where I wanted it, so after some tweaking and further back-testing, and adding in more MA options, here we are. Mostly tested on 1h and greater time-frames using default settings.

Description / Usage:
  • Adjust length and multiplier much the same way you would expect with Bollinger Bands.
  • Multiplier of 1 gives you a base channel consisting of one high, and one low sourced MA
  • The outer channels are increments of the base high-low channel width, away from the hl2 sourced MA


r2 Changes:
  • Increased amount of up/down channels to 5, and lowered multiplier default to 1 (previously 1.5)
  • Tweaked default colour scheme.
  • Pick your MA poison of choice! Added choices for all your common MA variants.


Issues:
  • VWMA bugs out and refuses to draw sometimes - no idea why.


Additional Notes:

All MA variants available in this script were derived directly from the sources of those available within the pine editor. I have been fairly diligent trying to ensure they all function correctly, but I can't 100% guarantee it, so if anyone gives the script a try, or dives into the code and see's something odd - don't hesitate to let me know!

It would also be fantastic to hear feedback from anyone who finds use for this, to augment an existing strategy/idea, or develop something new. :)
Anmerkung
Final revision done. No more tweaks/changes pending.

Added (optional) select-able fixed resolutions, so you can have 1 hour bands on your 1 minute chart if you do so feel inclined.

Otherwise just some minor code cleaning and proper commenting:
High-Low MA Difference Channels [Final]
Double Exponential Moving Average (DEMA)differenceExponential Moving Average (EMA)highHull Moving Average (HMA)LOWMoving AveragesPrice ChannelsSmoothed Moving Average (SMMA)Weighted Moving Average (WMA)

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

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