OPEN-SOURCE SCRIPT

Dirty Market Index

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This indicator is designed to out an index displaying the level of dirtiness in market.
This level is defined by:

Sum of shadow lengths of last n candles (n is input and user can change it, it's 100 by default)
divided by
Sum of full candle bodies of last n candles (high - low)

This factor indicates how many percents of the market movement has been placed in shadows of candles, the higher this number, the dirtier market would be.

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.