OPEN-SOURCE SCRIPT
DOTS [CHE]
Aktualisiert
This indicator is a must-have for every trader as it provides a practical tool to quickly evaluate the current price of a security. Designed specifically for manual trading, this indicator is based on "The Forbidden RSI [CHE]" indicator and provides an easy way to identify overbought and oversold conditions in the market. By using this indicator, traders can make informed decisions about when to enter or exit a trade, maximizing their potential profits and minimizing their risks. Its simple yet effective design makes it an ideal choice for traders of all experience levels. Whether you are a seasoned professional or just starting out, this indicator can help you take your trading to the next level.
Description:
This is a Pine Script code designed to create an indicator that identifies overbought and oversold conditions in a security. The code first defines a function named "func" that takes three arguments - "close", "length", and "tr". It then calculates a value "k" based on the "close" and "length" arguments using this function.
The code then checks if "k" is greater than a variable named "OverBought" and assigns the resulting Boolean value to "OverboughtCond". It also checks if "k" is less than a variable named "OverSold" and assigns the resulting Boolean value to "OversoldCond".
The code then plots a small circle above the bar if "OverboughtCond" is true and below the bar if "OversoldCond" is true. The circles are colored green for "Overbought" and red for "Oversold". The code also creates a label with the name "Overbought" above the bar and a label with the name "Oversold" below the bar if the respective conditions are met.
Finally, the code sets up alert conditions for both the "Overbought" and "Oversold" cases, with a custom message that includes the name of the security, the current price, and the indicator's name.
I've tested the script for weeks and I hope it brings you as much success as it did me
best regards
Chervolino
Description:
This is a Pine Script code designed to create an indicator that identifies overbought and oversold conditions in a security. The code first defines a function named "func" that takes three arguments - "close", "length", and "tr". It then calculates a value "k" based on the "close" and "length" arguments using this function.
The code then checks if "k" is greater than a variable named "OverBought" and assigns the resulting Boolean value to "OverboughtCond". It also checks if "k" is less than a variable named "OverSold" and assigns the resulting Boolean value to "OversoldCond".
The code then plots a small circle above the bar if "OverboughtCond" is true and below the bar if "OversoldCond" is true. The circles are colored green for "Overbought" and red for "Oversold". The code also creates a label with the name "Overbought" above the bar and a label with the name "Oversold" below the bar if the respective conditions are met.
Finally, the code sets up alert conditions for both the "Overbought" and "Oversold" cases, with a custom message that includes the name of the security, the current price, and the indicator's name.
I've tested the script for weeks and I hope it brings you as much success as it did me
best regards
Chervolino
Versionshinweise
Some changesVersionshinweise
Added a disclaimer: By default, if two dots follow one another, DOTS [CHE] delete the previous one.Versionshinweise
Change the disclaimers text sizeVersionshinweise
Chart updatedVersionshinweise
I have cleaned up the script and made some improvements to it. One of the key changes is the addition of an option to show the TFRSI value as a label. This feature was not available in the original script, and I felt it would be useful to include it.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?
Haftungsausschluss
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