OPEN-SOURCE SCRIPT
Trend Change Detector
The trend change detector oscillator is a tool designed to help traders identify the current trend direction paired with the potential reversal zones.
The oscillator is made of multiple parts:
- The colored histogram, that displays the current long-term trend direction (long if above 0, short if below)
- The trend line, which shows the price in relation to the fair value of the current trend
- The reversal zones, which are the area that alarms the traders that the price might reverse soon after having touched them
The indicator can work with three different inputs. In the Source panel, you can choose between "Price", "Price and Volume" and "Ponderated Volume". The price input uses only the price, the price and volume use the average between the price and the ponderated volume, and the ponderated volume shows the indicator working with volume data, with formulas such as the On Balance Volume and the Accumulation-Distribution line.
This indicator can be used both for trend following technique, using the cross of the trend line with the 0-line as signals in conjunction with the bias given by the histogram, and for mean reversal technique thanks to the reversal zones that allow traders to identify potential tops and bottoms.
The oscillator is made of multiple parts:
- The colored histogram, that displays the current long-term trend direction (long if above 0, short if below)
- The trend line, which shows the price in relation to the fair value of the current trend
- The reversal zones, which are the area that alarms the traders that the price might reverse soon after having touched them
The indicator can work with three different inputs. In the Source panel, you can choose between "Price", "Price and Volume" and "Ponderated Volume". The price input uses only the price, the price and volume use the average between the price and the ponderated volume, and the ponderated volume shows the indicator working with volume data, with formulas such as the On Balance Volume and the Accumulation-Distribution line.
This indicator can be used both for trend following technique, using the cross of the trend line with the 0-line as signals in conjunction with the bias given by the histogram, and for mean reversal technique thanks to the reversal zones that allow traders to identify potential tops and bottoms.
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.
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.