OPEN-SOURCE SCRIPT
Telah dikemas kini Median Proximity Percentile [AlgoAlpha]

๐๐ Introducing the "Median Proximity Percentile" by AlgoAlpha, a dynamic and sophisticated trading indicator designed to enhance your market analysis! This tool efficiently tracks median price proximity over a specified lookback period and finds it's percentile between 2 dynamic standard deviation bands, offering valuable insights for traders looking to make informed decisions.
๐ Key Features:
๐ Deep Dive into the Code:
๐จ Remember, the "Median Proximity Percentile [AlgoAlpha]" is a tool to aid your analysis. Itโs essential to combine it with other analysis techniques and market understanding for best results. Happy trading! ๐๐
๐ Key Features:
- Color-Coded Visuals: Easily interpret market trends with color-coded plots indicating bullish or bearish signals.
- Flexibility: Customize the indicator with your preferred price source and lookback lengths to suit your trading strategy.
- Advanced Alert System: Stay ahead with customizable alerts for key trend shifts and market conditions.
๐ Deep Dive into the Code:
- Choose your preferred price data source and define lookback lengths for median and EMA calculations. and
Pine Scriptยฎ priceSource = input.source(close, "Source")Pine Scriptยฎ lookbackLength = input.int(21, minval = 1, title = "Lookback Length") - Calculate median value, price deviation, and normalized value to analyze market position relative to the median.
Pine Scriptยฎ medianValue = ta.median(priceSource, lookbackLength) - Determine upper and lower boundaries based on standard deviation and EMA.
Pine Scriptยฎ upperBoundary = ta.ema(positiveValues, lookbackLength) + ta.stdev(positiveValues, lookbackLength) * stdDevMultiplier lowerBoundary = ta.ema(negativeValues, lookbackLength) - ta.stdev(negativeValues, lookbackLength) * stdDevMultiplier - Compute the percentile value to track market position within these boundaries.
Pine Scriptยฎ percentileValue = 100 * (normalizedValue - lowerBoundary)/(upperBoundary - lowerBoundary) - 50 - Enhance your analysis with Hull Moving Average (HMA) for smoother trend identification.
Pine Scriptยฎ emaValue = ta.hma(percentileValue, emaLookbackLength) - Visualize trends with color-coded plots and characters for easy interpretation.
Pine Scriptยฎ plotColor = percentileValue > 0 ? colorUp : percentileValue < 0 ? colorDown : na - Set up advanced alerts to stay informed about significant market movements.
Pine Scriptยฎ // Alerts alertcondition(ta.crossover(emaValue, 0), "Bullish Trend Shift", "Median Proximity Percentile Crossover Zero Line") alertcondition(ta.crossunder(emaValue, 0), "Bearish Trend Shift", "Median Proximity Percentile Crossunder Zero Line") alertcondition(ta.crossunder(emaValue,emaValue[1]) and emaValue[1] > 90, "Bearish Reversal", "Median Proximity Percentile Bearish Reversal") alertcondition(ta.crossunder(emaValue[1],emaValue) and emaValue[1] < -90, "Bullish Reversal", "Median Proximity Percentile Bullish Reversal")
๐จ Remember, the "Median Proximity Percentile [AlgoAlpha]" is a tool to aid your analysis. Itโs essential to combine it with other analysis techniques and market understanding for best results. Happy trading! ๐๐
Nota Keluaran
Replaces "EMA" with "HMA" in the inputs.Nota Keluaran
Added Alerts for trend swingsAdded the option to turn on/off the noise scatterplot
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
๐ฑGet 50% off EVERYTHING for Mothers' Day!๐ฑ(Ends soon!)
Code: HMD25
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!
Code: HMD25
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!
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.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
๐ฑGet 50% off EVERYTHING for Mothers' Day!๐ฑ(Ends soon!)
Code: HMD25
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!
Code: HMD25
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!
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.