OPEN-SOURCE SCRIPT
Aktualisiert Quantum Flow Tracker
This indicator is designed to capture trends in financial markets by utilizing an Exponential Moving Average (EMA) and the Relative Strength Index (RSI).
Multiple EMAs
The indicator plots multiple EMAs with varying lengths on the chart. Users can customize the lengths of these EMAs using the input parameters.
RSI (Relative Strength Index)
The RSI is calculated based on user-defined length and source inputs.
Additionally, the RSI is smoothed using an Exponential Moving Average (EMA) with a customizable length.
Trend Conditions
The indicator defines uptrend and downtrend conditions based on the relationship between the closing price, the first EMA and the EMA of RSI .
An uptrend (Green Color) is identified when the closing price is above ema1 and the smoothed RSI is above 50.
A downtrend (Purple Color) is identified when the closing price is below ema1 and the smoothed RSI is below 50.
A neutral state (Gray Color) suggests that the trend may be weakening, potentially indicating a forthcoming trend reversal or a period of indecision in the market.
This indicator provides a visual representation of trend directions and can be customized to adjust the sensitivity and frequency of trend changes.
Disclaimer: This indicator is provided for educational and informational purposes only.
It is not intended as financial advice or as a tool for making financial decisions.
Users are advised to conduct their own research and seek the advice of a qualified financial professional before making any investment decisions. The creator of this indicator is not responsible for any financial losses incurred as a result of using this indicator.
Multiple EMAs
The indicator plots multiple EMAs with varying lengths on the chart. Users can customize the lengths of these EMAs using the input parameters.
RSI (Relative Strength Index)
The RSI is calculated based on user-defined length and source inputs.
Additionally, the RSI is smoothed using an Exponential Moving Average (EMA) with a customizable length.
Trend Conditions
The indicator defines uptrend and downtrend conditions based on the relationship between the closing price, the first EMA and the EMA of RSI .
An uptrend (Green Color) is identified when the closing price is above ema1 and the smoothed RSI is above 50.
A downtrend (Purple Color) is identified when the closing price is below ema1 and the smoothed RSI is below 50.
A neutral state (Gray Color) suggests that the trend may be weakening, potentially indicating a forthcoming trend reversal or a period of indecision in the market.
This indicator provides a visual representation of trend directions and can be customized to adjust the sensitivity and frequency of trend changes.
Disclaimer: This indicator is provided for educational and informational purposes only.
It is not intended as financial advice or as a tool for making financial decisions.
Users are advised to conduct their own research and seek the advice of a qualified financial professional before making any investment decisions. The creator of this indicator is not responsible for any financial losses incurred as a result of using this indicator.
Versionshinweise
Default values for the EMAs error changed.Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
🔍 Access Investing Strategies & Indicators
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
🔍 Access Investing Strategies & Indicators
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.