OPEN-SOURCE SCRIPT

PowerXYZ Strategy (PowerX Modified)

This script modifies the PowerX strategy in the following ways:

- there are two types of 'black' bars, yellow and black; the bars that are colored black indicate the flip of the RSI from positive to negative, and vise versa, while the signal is also near to green or red color; the close of these bars are a strong indication of support or resistance, and the previous closes behind these bars create S&D zones.

- compares the typical price to the 4-period smoothed moving average to generate yellow bars sooner at the end of trends.

- uses a signal line of > 49 and <= 49 instead of 50.

Yellow indicates that you should probably move your stop closer to the current price.

Black indicates that you should probably exit and look for a new entry, as it is a strong area of support or resistance.

Moving AveragesOscillatorsTrend Analysis

Skrip sumber terbuka

Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

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