High - Low Trend Tunnel

Meta Platforms, Inc.NASDAQ

Huraian

⋅ 12 Sep 2020 pukul 08.47

High - Low Trend Tunnel Experiment.

Using latest pinescript Array support!

Plotting Highest highs and Lowest lows for specific length (can be defined in settings).
The blue line is whom determinate the direction.
Blue line is the average of the highest highs and lowest lows smoothed by EMA.

Green - Up Trending.
Red - Down Trending.
Yellow - Squeeze, a reversal might be coming.

Any suggestions/comments are welcome as this is an experiment.

Nota Keluaran

⋅ 22 Sep 2020 pukul 21.38

* Trend plot is now colored.
* Changed ATR default value from 17 to 14

Nota Keluaran

⋅ 25 Sep 2020 pukul 08.13

Option to disable view of tunnel.
Added additional (optional) Arnaud Legoux Moving Average (ALMA) besides EMA.

Nota Keluaran

⋅ 25 Sep 2020 pukul 08.16

Minor cleanup

Komen

mentalRock19315

⋅ 24 Mac 2023 pukul 08.34

Very smart !

ericneon

⋅ 17 Jan 2021 pukul 10.57

wah~very nice and simple!

nilux

⋅ 12 Sep 2020 pukul 15.11

Nice one! Thanks for sharing :)

dman103

⋅ 12 Sep 2020 pukul 15.25

@nilux, Sure mate, glad you like it, it's pretty neat with the arrays available.

Lebih