OPEN-SOURCE SCRIPT

Growing or Waning Patterns [Alerts]

Aktualisiert
Example how to color patterns of 3 bodies growing or waning by percentage with or without trend. Also included option for alert triggers. The yellow triangles on the chart denote where the alert triggers will fire.

• Choose Pattern Of Filter: shows bodies growing or waning or both.

• Sample Lengths Of AvgBar: number of recent bars to use for average size.

• BigBar Is Min% Of AvgBar: the minimum percent of average the big bar must be.

• MedBar Is Max% Of BigBar: the maximum percent of big bar the medium bar can be.

• SmlBar Is Max% Of MedBar: the maximum percent of medium bar the small bar can be.

• Repeat Pattern If n Bars: the number of bars to ignore repeat patterns, 1 allows all.

• Trending: on requires the growing or waning patterns to also be trending.

• GrayBars: colors non pattern bodies gray.


NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Versionshinweise
Revision 1

Added directional plotshapes and alerts relative to trend, there is no predictive inference implied by these and they are solely for visual conveyance of information. Updated for Pine Script v5.
examplehowtoMomentum Indicator (MOM)percentpercentageRate of Change (ROC)strengthtrendTrend Analysistutorial

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.

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