normalize_heatmap

Description:
This was a simple indicator to indicate the heatmap area of an asset price, in a relative given time period. In default the lookback period was set to 50 bars, indicating the current state of the price within the previous lookback period. The color scheme was using the rainbow palette, which set blue as the cooling-off area, and red as the heating area. The indicator doesn't take into account momentum strategy and thus doesn't consider the future direction of the asset price. Note: cooling-off area, can be considered to entry or adding position as a DCA strategy.

Data Normalize:
norm = (x - min) / (max - min)

Feature:

Heatmap color condition
Weighted Moving average (Additional)

Nota Keluaran

Description:
This was a simple indicator aimed to indicate the heatmap area of an asset price, in a relative given time period. In default the lookback period was set to 50 bars, indicating the current state of the price within the previous lookback period. The color scheme was using the rainbow palette, which set blue as the cooling-off area, while red as the heating area. The indicator doesn't take into account momentum strategy and thus doesn't consider the future direction of the asset price. Note: cooling-off area, can be considered to entry or adding more position as a Dollar Cost Averaging strategy.

Normalize Data:
norm = (x - min) / (max - min)

Feature:

Heatmap color condition
Weighted Moving average (Additional)

Nota Keluaran

updated

Nota Keluaran

adjusting the normalized data into a function, and adding a color scheme (use of rgb function)

Nota Keluaran

Additional switch between moving average type, adding an alert condition on both moving average and normalized threshold

Example of other color schemes
https://www.tradingview.com/x/GDpAy79O/

Nota Keluaran

group adjustment, optional asymmetrical alert condition

Skrip sumber terbuka

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Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.

palitoj_endthen

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Skrip sumber terbuka

Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.

palitoj_endthen