OPEN-SOURCE SCRIPT
[blackcat] L3 Bull Channel
Aktualisiert
Level 3
Background
This is a bullish channel with spikes for long entries. Optimized for 4H time frame.
Function
This indicator places a fast and smooth lines into a channel for 4H time frame. The channel can work as overbought and oversould threshold for judgement. Also, the fast and smooth (green , red lines) will cross together and you can judge short term momentum with their cross status as golden cross or dead cross status.
For the color definitions:
Output upper_rail = 21-day [2-day weight] moving average of the highest price*1.05, draw upper_rail
Output lower_rail = 21-day [2-day weight] moving average of the lowest price*0.95, painted yellow
Output smooth_trend = 5-day [1-day weight] moving average of the lowest price, painted red
Output fast_trend = 2-day [1-day weighted] moving average of the closing price, painted green
Output swing_long = If fast_trend wears smooth_trend, return upper_rail*1.05, otherwise return smooth_trend, draw red
Output leader_long = If fast_trend wears upper_rail, return upper_rail*1.10, otherwise return lower_rail, draw orange
Remarks
Feedbacks are appreciated.
Background
This is a bullish channel with spikes for long entries. Optimized for 4H time frame.
Function
This indicator places a fast and smooth lines into a channel for 4H time frame. The channel can work as overbought and oversould threshold for judgement. Also, the fast and smooth (green , red lines) will cross together and you can judge short term momentum with their cross status as golden cross or dead cross status.
For the color definitions:
Output upper_rail = 21-day [2-day weight] moving average of the highest price*1.05, draw upper_rail
Output lower_rail = 21-day [2-day weight] moving average of the lowest price*0.95, painted yellow
Output smooth_trend = 5-day [1-day weight] moving average of the lowest price, painted red
Output fast_trend = 2-day [1-day weighted] moving average of the closing price, painted green
Output swing_long = If fast_trend wears smooth_trend, return upper_rail*1.05, otherwise return smooth_trend, draw red
Output leader_long = If fast_trend wears upper_rail, return upper_rail*1.10, otherwise return lower_rail, draw orange
Remarks
Feedbacks are appreciated.
Versionshinweise
correct short labelsOpen-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?
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Haftungsausschluss
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