OPEN-SOURCE SCRIPT
% Sensitivity MA
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Modifying an existing indicator is one thing, but creating an entirely new indicator is a totally different thing that involves even more creativity!
Today, I accomplished the latter by creating a brand new indicator. It's called "% Sensitivity MA". What does it do? Well, it's pretty much like any moving average, it tells you the trend. When the % Sensitivity MA is green, it's an uptrend, and vise versa for when it's red. Here's the calculation:
% Sensitivity MA (n,src) = ma.prev + (n/100) * (src - ma.prev)
where:
n - parameter that determines % sensitivity from 0 to 100.
src - parameter that determines the source. (default: close)
ma.prev - previous value of % Sensitivity MA.
Note:
- % Sensitivity MA has no parameter for lookback period.
- The n parameter is limited to a value between 0 and 100.
- Higher n values are more sensitive. (So, 100 is maximum sensitivity.)
- The value of the n parameter can have an unlimited number of decimal places. (making this indicator very precise!)
- I recommend n values closer to 0 than 100.
- For the source, I recommend closing prices.
Good luck, and enjoy!
Today, I accomplished the latter by creating a brand new indicator. It's called "% Sensitivity MA". What does it do? Well, it's pretty much like any moving average, it tells you the trend. When the % Sensitivity MA is green, it's an uptrend, and vise versa for when it's red. Here's the calculation:
% Sensitivity MA (n,src) = ma.prev + (n/100) * (src - ma.prev)
where:
n - parameter that determines % sensitivity from 0 to 100.
src - parameter that determines the source. (default: close)
ma.prev - previous value of % Sensitivity MA.
Note:
- % Sensitivity MA has no parameter for lookback period.
- The n parameter is limited to a value between 0 and 100.
- Higher n values are more sensitive. (So, 100 is maximum sensitivity.)
- The value of the n parameter can have an unlimited number of decimal places. (making this indicator very precise!)
- I recommend n values closer to 0 than 100.
- For the source, I recommend closing prices.
Good luck, and enjoy!
Nota Keluaran
>>>close > ma? ---> green if true, otherwise red.
Skrip sumber terbuka
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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.