PROTECTED SOURCE SCRIPT
Telah dikemas kini 3D-WAVE-PM indicator
This is an extension of the WAVE-PM indicator as explained by Mark Whistler in his book Volatility Illuminated.
This heatmap represent different lengths of WAVE-PM indicator, starting from 20 and incremented by 15 until 485.
As a reminder, WAVE-PM compare the size of the current distribution to the last 100.
The result is represented as a number between 0 and 1.
The more close to 0, the more contracted the distribution is.
The more close to 1, the more expanded the distribution is.
The color code is the same as my standard WAVE-PM indicator :
Between 0.35 and 0.5 also known as the "Gear change" level => Grey
Between 0.5 and 0.7 also known as the "Consolidation" level => Green
Between 0.7 and 0.9 also known as the "Breakout" level => Blue
Between 0.9 and 1 also known as the "Danger" level => Red
Note that i have colored results below 0.35 as black
Note also that each level has been divided in 2 colors : The light one for the lower half of the range and the dark one for the higher half.
You should resize the indicator window to have a clear and continuous heatmap.
This heatmap represent different lengths of WAVE-PM indicator, starting from 20 and incremented by 15 until 485.
As a reminder, WAVE-PM compare the size of the current distribution to the last 100.
The result is represented as a number between 0 and 1.
The more close to 0, the more contracted the distribution is.
The more close to 1, the more expanded the distribution is.
The color code is the same as my standard WAVE-PM indicator :
Between 0.35 and 0.5 also known as the "Gear change" level => Grey
Between 0.5 and 0.7 also known as the "Consolidation" level => Green
Between 0.7 and 0.9 also known as the "Breakout" level => Blue
Between 0.9 and 1 also known as the "Danger" level => Red
Note that i have colored results below 0.35 as black
Note also that each level has been divided in 2 colors : The light one for the lower half of the range and the dark one for the higher half.
You should resize the indicator window to have a clear and continuous heatmap.
Nota Keluaran
- Updated to pinescript v4Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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 dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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.