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EATS is an innovative indicator that calculates the slope of the exponential moving average (EMA) over a defined number of candles, presenting this on a scale of 0 to 100.
Users can individually adjust the length of the EMA and the precision of slope calculation. For the EMA length, users can specify the number of candles used for the EMA calculation. In terms of precision, the user can define the number of candles over which the slope calculation takes place.
The EATS indicator uses a mathematical function to calculate the angle of slope of the EMA. The resulting slope is converted into degrees and then portrayed on a scale of 0 to 100 using the "eats" function.
This indicator can be a useful tool for traders looking to evaluate a market's momentum and identify potential trend shifts. It allows you to visualize the strength a trend based on the angle of the EMA slope, offering a complementary perspective to traditional price and volume indicators.
Please note that as with all indicators, the EATS indicator should not be used as a standalone trading tool. It should always be used in combination with other technical analyses and/or fundamental analyses to make the most informed trading decisions.
Users can individually adjust the length of the EMA and the precision of slope calculation. For the EMA length, users can specify the number of candles used for the EMA calculation. In terms of precision, the user can define the number of candles over which the slope calculation takes place.
The EATS indicator uses a mathematical function to calculate the angle of slope of the EMA. The resulting slope is converted into degrees and then portrayed on a scale of 0 to 100 using the "eats" function.
This indicator can be a useful tool for traders looking to evaluate a market's momentum and identify potential trend shifts. It allows you to visualize the strength a trend based on the angle of the EMA slope, offering a complementary perspective to traditional price and volume indicators.
Please note that as with all indicators, the EATS indicator should not be used as a standalone trading tool. It should always be used in combination with other technical analyses and/or fundamental analyses to make the most informed trading decisions.
Nota Keluaran
- removed unused indicators- simplified sourcecode
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.