OPEN-SOURCE SCRIPT

Diamonds

13 400
✋ Experimental script where a diamond shape is created by making 4 lines around each bar which touches the edge of the bar.

syot kilat

𒀸 Example of how it works:
      Create the left upper line:
      
  • A) Calculate middle of the bar
          
  • B) Calculate which one is highest -> close or open
          
  •     'Draw' imaginary line from A to B (A starts 1 bar back)
          
  •      Adjust height of A by adding 2/3 of the difference between A & B
        𒓕 That's it!


𒀸 This technique can be developed further by anyone who's inspired.
     •  For now, I've just added an option where you can extend 2 lines of 1 specific bar
        𒓕 Settings ➺ extend lines ➺ toggle on/off ➺ type ➺ which bar back
syot kilat

𒀸 X bars back sets the max bars in history
    •  Since this script uses line.new()  , this results in maximum 500 lines to be drawn.
        Each Diamand Bar contains 4 lines, resulting in maximum 125 Diamond Bars.

𒀸 Standard Candles ~ Diamond Bars
syot kilat
syot kilat

Cheers!

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.