OPEN-SOURCE SCRIPT
Swing Distance
Aktualisiert
Hello fellas,
This simple indicator helps to visualize the distance between swings. It consists of two lines, the highest and the lowest line, which show the highest and lowest value of the set lookback, respectively. Additionally, it plots labels with the distance (in %) between the highest and the lowest line when there is a change in either the highest or the lowest value.
Use Case:
This tool helps you get a feel for which trades you might want to take and which timeframe you might want to use.
Side Note: This indicator is not intended to be used as a signal emitter or filter!
Best regards,
simwai
This simple indicator helps to visualize the distance between swings. It consists of two lines, the highest and the lowest line, which show the highest and lowest value of the set lookback, respectively. Additionally, it plots labels with the distance (in %) between the highest and the lowest line when there is a change in either the highest or the lowest value.
Use Case:
This tool helps you get a feel for which trades you might want to take and which timeframe you might want to use.
Side Note: This indicator is not intended to be used as a signal emitter or filter!
Best regards,
simwai
Versionshinweise
Changed behaviour of the Highest/Lowest change detection to recognize if the next high is higher than the high before and if the next low is lower than the low before to fix a bug.Added two modes: "Pivot Point" and "Highest/Lowest".
The "Pivot Point" mode shows less distance measurements than the "Highest/Lowest" mode, because it only detects the top of the highest line movement and the bottom of the lowest line movement.
To update the description:
This is the calculation of the distance:
(highest close - lowest close) / close * 100
Versionshinweise
Fixed bar_index bugOpen-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
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.