OPEN-SOURCE SCRIPT
BTMM|TDI
Aktualisiert
This is the trader's dynamic index inspired by Steve Mauro's BTMM strategy.
In addition to the RSI, Trendline, Baseline, Volatility Bands I have also included additional trend biases that are painted in the background to provide more confluence when the markets break out in either direction.
For convenience, a position size calculator is included for all users to quickly calculate lot sizes on forex pairs with difference account balance currencies. The calculator works accurately on forex pairs. DO NOT USE for crypto or indices as some brokers have unique contract sizes that could not be fully incorporated into the tool.
There is also data table that displays historical values of the RSI, Trendline, Baseline, and an EMA vs Price scoring procedure that covers the current candle (t0) and up to 3 candles back. The table is meant to provide a snapshot view of either bullish or bearish dominance that can be deciphered with a quick glance.
In addition to the RSI, Trendline, Baseline, Volatility Bands I have also included additional trend biases that are painted in the background to provide more confluence when the markets break out in either direction.
For convenience, a position size calculator is included for all users to quickly calculate lot sizes on forex pairs with difference account balance currencies. The calculator works accurately on forex pairs. DO NOT USE for crypto or indices as some brokers have unique contract sizes that could not be fully incorporated into the tool.
There is also data table that displays historical values of the RSI, Trendline, Baseline, and an EMA vs Price scoring procedure that covers the current candle (t0) and up to 3 candles back. The table is meant to provide a snapshot view of either bullish or bearish dominance that can be deciphered with a quick glance.
Versionshinweise
Updated this indicator with alerts when the RSI Trendline crosses the RSI BaselineOpen-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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