OPEN-SOURCE SCRIPT
Telah dikemas kini TNT_Upgraded
The background of the indicator to show TrendingUp (Green) / TrendingDown (Red) / Range Bound (Blue) Regions.
The concept is very simple, at each candle we look at the size of the candle and use a moving average of these candle body size (ABS (close-open)) and compare it agains a double smoothened average, i.e. moving average of this average to find trending or not trending periods.
In the upgrade the moving average is now looking only at the current day for intraday timeframe, i.e. in the first 5 bars it is an average of last 5 values, for last 10 candles it is an average of 10 values with the max limited to 28 that is for candle 28 onwards the average is always for 28 candles for default values or as defined by user.
I find it useful primarily for entry in options, a green background is more favourable for call option buying, a red background is favourable for put option buying and blue background is more favourable for option selling.
The coloured ranges show the direction bias, this has been designed using RSI on 3 timeframes with different weight-ages, all customisable by the user.
PS, I only trade Bank Nifty for intraday, all my observations are driven only by Bank Nifty.
The concept is very simple, at each candle we look at the size of the candle and use a moving average of these candle body size (ABS (close-open)) and compare it agains a double smoothened average, i.e. moving average of this average to find trending or not trending periods.
In the upgrade the moving average is now looking only at the current day for intraday timeframe, i.e. in the first 5 bars it is an average of last 5 values, for last 10 candles it is an average of 10 values with the max limited to 28 that is for candle 28 onwards the average is always for 28 candles for default values or as defined by user.
I find it useful primarily for entry in options, a green background is more favourable for call option buying, a red background is favourable for put option buying and blue background is more favourable for option selling.
The coloured ranges show the direction bias, this has been designed using RSI on 3 timeframes with different weight-ages, all customisable by the user.
PS, I only trade Bank Nifty for intraday, all my observations are driven only by Bank Nifty.
Nota Keluaran
Minor code changesSkrip 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.