Elder Force Index With ATR Channels [loxx]

Elder Force Index With ATR Channels, adaptive from original script by Dr. Alexander Elder

What it does
-EFI is used to sport reversals mainly on the weekly time frame
-When EFI spikes over 3 x ATR calculated on the signal line, price is said to have exhausted and you can start looking for reversals

Features
-Change all inputs
-Truncate EFI at 4 x ATR so as to not squish the indicator
-Open source, use code as you wish. If you use this code, shoot me a line and tell me how you're using it

Nota Keluaran

Added Band-pass zero crossover cycle dominance options.
-Allows the user to dynamically recalculate length inputs with each candle determined by dominant cycle measures
-Cycle length % should match the same ratio as 13 to 21, with the Signal and ATR Percent higher than the EFI Percent

Skrip sumber terbuka

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

Juga pada:

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.