OPEN-SOURCE SCRIPT
Cumulative Price Average
The Cumulative Price Average (CPA) indicator calculates and plots the overall average of candlestick prices, providing a smoothed representation of the market's long-term price trend. This is achieved by aggregating the averages of each candle (Open, High, Low, Close) and dynamically updating the overall average as new candles are added.
Key Features
Long-Term Price Perspective: Displays the cumulative average of all candles from the start of the chart.
Trend Visualization: Smooths out short-term price fluctuations to highlight the overall trend.
Dynamic Updates: The average adjusts with each new bar for real-time analysis.
Usage
Trend Analysis:
Identify long-term bullish or bearish trends by observing the slope of the CPA line.
Support/Resistance:
The CPA line can act as a dynamic support or resistance level for the price.
Price Comparison:
Compare the current price to the CPA to assess whether the market is overbought or oversold relative to its historical average.
This indicator is especially useful for traders seeking to incorporate a historical perspective into their analysis, providing insights into the broader market behavior beyond short-term volatility.
Key Features
Long-Term Price Perspective: Displays the cumulative average of all candles from the start of the chart.
Trend Visualization: Smooths out short-term price fluctuations to highlight the overall trend.
Dynamic Updates: The average adjusts with each new bar for real-time analysis.
Usage
Trend Analysis:
Identify long-term bullish or bearish trends by observing the slope of the CPA line.
Support/Resistance:
The CPA line can act as a dynamic support or resistance level for the price.
Price Comparison:
Compare the current price to the CPA to assess whether the market is overbought or oversold relative to its historical average.
This indicator is especially useful for traders seeking to incorporate a historical perspective into their analysis, providing insights into the broader market behavior beyond short-term volatility.
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.
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.