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Price movement indicator

This indicator shows us if the price is moving up or down based on the ratio of current price vs previous bar.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.


HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.

Markets:
It can be used to all markets.
Nota Keluaran
  • [* Potential LONG and SHORt entries (green and red circles)]
    [* Signal line (blue)]
Nota Keluaran
- Potential SHORT and LONG entries
SHORT = red circle
LONG = green circle
- Signal line (blue)
Nota Keluaran
Removed unnecessary plots and variables.
Nota Keluaran

HMA added to bring more smoothness
Nota Keluaran
HMA Offset added
Nota Keluaran
Entry points are clear now.
Green - LONG
Red - SHORT
Nota Keluaran
Added SMA length for pricecomparison n-bars back
EMA set to 100
Offset set to 25
Nota Keluaran
Minor bug fixed
Nota Keluaran
Chart error fixed
Wilson-IV
pricemovementsTrend Analysistrendstrength

Skrip sumber terbuka

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Anda boleh menyukainya untuk menggunakannya pada carta.

Ingin menggunakan skrip ini pada carta?

Wilson-IV

Penafian

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