OPEN-SOURCE SCRIPT
Wick-off Check Moving Average [Misu]
█ This Indicator shows a wick-off check pattern applied to a moving average.
This pattern appears when a candle opens below the moving average and closes above it, or when it opens above a moving average and closes below it. This causes a wick to go through the moving average: a wick-off check moving average.
█ Usages:
This indicator detects small pullbacks in a trend. This is mainly used for trading continuation strategies.
It can also be used to validate a resistance or support level .
█ Features:
> Average Wick Validation: You can validate a wick-off check pattern depending on the average wick size. This is configured with parameters "Lenght Avg Wick Validation" and "Factor Wick Validation".
> Trend Validation: A trend is taken into account when detecting a "continuation pattern". A trend is validated if X candles close above (up trend) or under (down trend) the moving average. This "X" is defined by "Length Bar - Trend Validation" parameter.
> Buy and Sell: Labels are showing wick-of check patterns but can be interpreted as a buy & sell signal.
> Multi Moving Average.
> Alerts.
█ Parameters:
Method Multi MA: The method for calculating the moving average.
Multi MA Length: The length used to calculate the moving average.
Length Bar - Trend Validation: Define the number of bar needed to validate a trend. When price is above the MA, trend is up. When price is under MA, trend is down.
Wickoff Mode: Mode used to detect Wickoff check pattern.
> continuation pattern: only shows wick-off check pattern in a confirmed trend.
> no trend in progress: only shows wick-off check pattern in a not confirmed trend.
> both: shows both.
Lenght Avg Wick Validation: Lenght used to calculate the average wick size.
Factor Wick Validation: Factor used to validate the length of a wick when a wick-off check is detected.
This pattern appears when a candle opens below the moving average and closes above it, or when it opens above a moving average and closes below it. This causes a wick to go through the moving average: a wick-off check moving average.
█ Usages:
This indicator detects small pullbacks in a trend. This is mainly used for trading continuation strategies.
It can also be used to validate a resistance or support level .
█ Features:
> Average Wick Validation: You can validate a wick-off check pattern depending on the average wick size. This is configured with parameters "Lenght Avg Wick Validation" and "Factor Wick Validation".
> Trend Validation: A trend is taken into account when detecting a "continuation pattern". A trend is validated if X candles close above (up trend) or under (down trend) the moving average. This "X" is defined by "Length Bar - Trend Validation" parameter.
> Buy and Sell: Labels are showing wick-of check patterns but can be interpreted as a buy & sell signal.
> Multi Moving Average.
> Alerts.
█ Parameters:
Method Multi MA: The method for calculating the moving average.
Multi MA Length: The length used to calculate the moving average.
Length Bar - Trend Validation: Define the number of bar needed to validate a trend. When price is above the MA, trend is up. When price is under MA, trend is down.
Wickoff Mode: Mode used to detect Wickoff check pattern.
> continuation pattern: only shows wick-off check pattern in a confirmed trend.
> no trend in progress: only shows wick-off check pattern in a not confirmed trend.
> both: shows both.
Lenght Avg Wick Validation: Lenght used to calculate the average wick size.
Factor Wick Validation: Factor used to validate the length of a wick when a wick-off check is detected.
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.