PROTECTED SOURCE SCRIPT
Ind1_TR_MO_RS
This script combines multiple indicators (Trend, Momentum and relative Strength), so that user can decide on entry points based on the combination.
It uses
1) ADX
2) RSI
3) Relative strength (RS)
ADX and RSI has threshold value settings. ADX Threshold value is generally between 20 and 25, whereas RSI threshold value is between 50 and 55. Default threshold for ADX = 25 and RSI = 55. The threshold lines will appear on indicator.
Relative strength of an asset under review can be compared against the main index or sectoral index.
Set relative strength period as given below for best analysis
1) 12 for Monthly charts (1 Year)
2) 52 for weekly charts (1 Year)
3) 123 for daily charts (around 6 Months)
The RS is displayed as background color. By default background color is Green for RS>0 and Red for RS<0
Note:
RSI, ADX and RS can be hidden by deselecting "Show RSI", "Show ADX" and "Show RS" options from inputs settings
When RS is deselected from inputs setting then background color turns to white
This indicator will be displayed in the section below the chart.
It uses
1) ADX
2) RSI
3) Relative strength (RS)
ADX and RSI has threshold value settings. ADX Threshold value is generally between 20 and 25, whereas RSI threshold value is between 50 and 55. Default threshold for ADX = 25 and RSI = 55. The threshold lines will appear on indicator.
Relative strength of an asset under review can be compared against the main index or sectoral index.
Set relative strength period as given below for best analysis
1) 12 for Monthly charts (1 Year)
2) 52 for weekly charts (1 Year)
3) 123 for daily charts (around 6 Months)
The RS is displayed as background color. By default background color is Green for RS>0 and Red for RS<0
Note:
RSI, ADX and RS can be hidden by deselecting "Show RSI", "Show ADX" and "Show RS" options from inputs settings
When RS is deselected from inputs setting then background color turns to white
This indicator will be displayed in the section below the chart.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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 dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.