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Bull Bear Power TrendDo you find it difficult to analyze trends? This indicator will help you to have an objective analysis of the trend. Let's start ..... In this indicator Bears and Bulls go their separate ways. -The Bull line (bullish green) always goes above zero. -The Bear line (bearish red) always goes below zero. With a quick glance, you will know who is winning. There are two zones of tendency force: - Above 2 for bulls: when the Bull line crosses its + 2 level upwards, an uptrend begins to have strength. - Below 2 for bears: when the Bear line crosses its -2 level down, a downward trend begins to gain strength. Trend Confirmation: - When a histrogram bar appears the trend is confirmed. When a positive histogram appears, it indicates that the Bull line is above its + level and the Bear line is above its level -. When it is a negative histogram that appears, it indicates that the Bear line is below its level - and the Bull line is below its + level. The TREND line (in black) is the difference between the Bull line and the Bear line. Its crosses above / below zero serve us to track the trend, as well as turning points where we could put a stop loss . This indicator generates multiple signals as position management, I leave it to fall in love with it and find all that. Thanks to Jose Callao for this great idea. Thumbs up
Penunjuk Pine Script®
oleh Dreadblitz
129
Bearish Market Indicator V2Definition Have you ever wonder whether if the stock/index/market is "bearish" ? A Bearish Market Indicator (B.M.I) is not a new concept, the definition is simply 20% lower from the recent (term: short-term, recent: usually within a year, a.k.a 1 year) highs (closing price with in the recent period or within in a year or simply a 52-Week High). It is called “bearish” by definition when the closing price is below 20% from the highest price within the year (52-Week high: Green Line). To visualize the “20%” below the recent highs, there is a plot (line: light yellow color in the middle) called a Bearish Market By Definition Value. For example, the SPX 500 has been in a bearish market which is why there is a purple color highlight over the 52-Week High (green line) since September 21, 2022 because the closing price is below the Bearish Market By Definition Value (light yellow color) or “20% below the recent highs”. Finally, there is a red line under in the graph and it is the lowest price within a year. So when you hear, “this ticker is at a 52-Week Low”, you know what it means. Line Summary: Green Color Line = 52-Week High Yellow Color Line = 20% away from the 52-Week High or Bearish Market By Definition Value Red Color Line = 52-Week Low Color Summary: Red Color = Bad Saturated Red Color = Very Bad Purple Color = Bearish (It may look pink: red + purple) White Color = Less Bad (That’s because there is no certainty only probability) Green Color = Not too Bad (That’s because there is no certainty only probability) Now to more complicated Metrics >> If you do not like the technical indicators, go to the indicator settings, uncheck the tables. Otherwise, please continue reading. << Pre-requisites + Understand that the indicators are lagging indicators. + Using it under “D” or “Day” interval + Already Understand: Moving Averages, Stochastic-RSI, RSI, Super Trend and MACD. + Please be aware that this might not be compatible with traders! Indicators This B.M.I is fused (comprised, combined) with multiple indicators: - Moving Averages I would not rely just on the Moving Averages (MA) since it is a lagging indicator. The values are derived by finding the differences with respect to the MAs (between the closing price and with the respect MA). - Stochastic-RSI Stochastic and RSI combo with RSI-Color coating. The first value is the rsi-stochastic-k followed by the rsi-stochastic-d both are compartmentalized with “|”. Parameter: Numbers > 80 Not Good Numbers < 20 Is it time? (You can manually verify the lines (k, d) or the values from them) - Relative Strength Index (RSI) The first value is the rsi followed by the rsi-ma both are compartmentalized with “|”. It is also coated with RSI-color. Parameter: Numbers > 70 Overbought | Color Red If the RSI > RSI’s MA = Green If the RSI < RSI’s MA = Red Numbers < 30 Oversold | Color Red - Moving Averages Convergence Divergence (MACD) The first value is the MACD-line followed by the signal-line both are compartmentalized with “|”. Macd-line > signal line = green Macd-line < signal line = red - Supertrend (please look up from the documentation; i can not embed the link) Think of this way, you’re riding a wave. If the wave is climbing, expect the price to follow. Direction < 0 = Green Direction > 0 = Red - Other Trend similar to supertrend This is similar to the Super Trend according the some. Imagine you’re drawing a trend line manually within 6 months. Within the period, the line gets smoothed over and over til the n=9. > If the closing is less than the 9th value, it implies the trend is slowing down. Usage Adjustments + Since there are different holidays from different countries, you can change the BMI-Period from the indicator settings “BMI-4khansolo”. + You can hide Technical Indicator Tables, it is also under the settings (see above). > This will show red over the 52-Week high if it tests for positive . Purpose Do you like eating the same food over and over? No! I love different food! I also love a variety of indicators. Especially, I love having MULTIPLE indicators presented in one canvas at the same time (personalized). After spending a lot of time, I want to share my “FOOD” which is made of different ingredients (indicators) with someone who appreciates food! This Makes me a chef isn't it? Yes! Chef! Questions? If you have questions or spotted errors, please comment them below so that I can improve. Sources All the materials (i.e., functions like ta.rsi, etc...) used in here are available in the platform. All the references or sources materials are commented with the code since the I am not allowed to put them here.
Penunjuk Pine Script®
oleh fourkhansolo
2
Bears Bulls Impulse█  OVERVIEW Maybe another version of the Bears Bulls indicator, but with a unique interpretation on the scripts found here on Tradingview. Again, this indicator is not meant to be used alone but as an entry/exit confirmation with other indicators. █  CONCEPTS Using a modified version of the WMA indicator, the LWMA , this indicator will work similarly to the Bears Bulls Power indicator. Quoting from Admiral Markets, "Bulls Power measures the capability of buyers in the market to lift prices above an average consensus of value. Bears Power measures the capability of sellers to drag prices below an average consensus of value. Using them in tandem with a trend measure allows you to identify favorable entry points." █  HOW TO USE IT As soon as the color changes, it indicates a change in the price direction and divergences. Green buy, red sell? Not that simple, but following that pattern for scalping may result in some good entries. Following this indicator blindly will not be accurate as using another indicator to filter the signals in favor of a major trend (that indicator could be another Bears Bulls Inpulse from a higher time frame)
Penunjuk Pine Script®
oleh ThiagoSchmitz
5
Bear & Bull Zone Signal StrategySince I love to mix and match, here is something fresh and that actually works on the breakout of Ethereum without losing your ass on lagging indicators. It blends some of the nice parts of my previous scripts while moving to big boy pants with a twist on the Fibonacci retracement using SMA and EMA at multiple levels to do a sanity check. Is it too good to be true? Nope, just what happens when a Solution Architect starts messing around with crypto and applies engineering and mathematics to the mix. You get a strategy that really doesn't have high profit losses when you tweak it just the right way. What's the right tweak you ask? 1. Start with a 30 minute timeframe and set your window start date to the date the market began the bear or bull run 2. Make sure you can see your strategy performance window (not the graph one) 3. Set Stop Loss and Target Profit to 50% 4. Use your mouse wheel or up and down arrows and mess around with the RSI, go down one at a time but no lower than 7. Whichever value displayed the highest long or short gain is the one to pick. 5. Now select long or short only based on whichever one shows the highest gain. 6. Now go to K and D, leave K as 3 and check what happens when D is 4 or 5. Leave D at the value that gives you the highest gain. 7. Now go to EMA Fast and Slow Lengths. Leave Fast at 5 and check what happens when the Slow is moved up to 11 or 12, do the gains go up. If not, check what happens when Slow is moved down to 9, 8, or 7. Whichever gives you the highest gain, leave it there. Now go mess with the fast length, keep in mind that fast must always be less than slow. So check values down to 3 and up to 6. Same concept, mo money...leave it be. 8. Now go mess with the Target Profit, I start at 5, hit enter, then go to 7, hit enter, then 9...up by 2 until I get to 21 to make sure I don't hastily pick a low one and always keep in mind between which values the gain switched from high to low. For example, in this example I published at 11 it was $5k and at 13 it was $3700 for the gains. So after I got up to 21 I went back to 11 and started going up by 0.01 steps until the value dropped, which was at 11.19 so I set it at 11.18. 9. Now stop loss is trickier, you've maximized the gains, which means if you set the stop loss at a low value you will sacrifice gains. Typically by this point your loss is less than 10% with this script. So, my approach is to find the value where the stop loss doesn't change what I've tweaked already. In this example, I did the same start at 5 and go up by 2 and saw that when I went to 17 it stopped changing. So I started going back down by 0.5 and saw at 15.5 the gains went lower again. Now I started going back up in steps of 0.01 and at 15.98 it went back to the high gain I already tweaked for. I kept stop loss there and unleashed the strategy on ETH. So far so good, no bad trades and it's been behaving pretty well.
Strategi Pine Script®
oleh Solutions1978
5
Dante Bullish/Bearish EngulfingBearish and Bullish engulfings as taught by Tom Dante Piccin. Different from other bullish/bearish engulfing indicators because other indicators only want the body of the current candle to engulf the previous body. This indicator needs the low and high of the current candle to engulf the previous one and also in the example of a bullish engulfing close above the previous candle high or in a bearish engulfing example close below the low of the previous candle.
Penunjuk Pine Script®
oleh Seriffin
5
Bearish Candlestick PatternsDoji Black Spinning Top White Spinning Top Bearish Abandoned Baby Bearish Advance Block Bearish Below The Stomach Bearish Belt Hold Bearish Breakaway Bearish Counter Attack Lines Bearish Dark Cloud Cover Bearish Deliberation Blok Bearish Descending Hawk Bearish Doji Star Bearish Downside Gap Three Methods Bearish Downside Tasuki Gap Bearish Dragonfly Doji Bearish Engulfing Bearish Evening Doji Star Bearish Evening Star Bearish Falling Three Methods Bearish Falling Window Bearish Gravestone Doji Bearish Hanging Man Bearish Harami Bearish Harami Cross Bearish Hook Reversal Bearish Identical Three Crows Bearish In Neck Bearish Island Reversal Bearish Kicking Bearish Ladder Top Bearish Last Engulfing Top Bearish Low Price Gapping Play Bearish Mat Hold Bearish Matching High Bearish Meeting Line Bearish On Neck Bearish One Black Crow Bearish Separating Lines Bearish Shooting Star Bearish Side by side White Lines Bearish Three Black Crows Bearish Three Gap Up Bearish Three Inside Down Bearish Three Line Strike Bearish Three Outside Down Bearish Three Stars in the North Bearish Thrusting Line During Dowtrend Bearish Tower Top Bearish Tristar Bearish Tweezers Top Bearish Two Black Gapping Bearish Two Crows Bearish Upside Gap Two Crows
Penunjuk Pine Script®
oleh ceyhun
{Gunzo} Bulls Power vs. Bears PowerBulls Power vs. Bears Power is a unique tool that displays on each candle the balance between the bears (sellers) and the bulls (buyers). OVERWIEW : This indicator is mainly based on the popular indicator “Elder ray” made by Dr. Alexander Elder in 1989. This indicator has been developed in order to determine the strength of the competing groups of buyers and sellers in the markets. CALCULATION : To measure the competing power of bulls and bears, the indicator compares the current high (maximum power of the bulls) and current low (maximum power of the bears) to the average price using a exponential moving average. Bull Power = Current High – EMA 13 (closing) Bear Power = Current Low – EMA 13 (closing) This Elder ray indicator can also tell us more information about market conditions : If the current high and current low are above the EMA 13, the bulls are totally in control on the market If the current high and current low are under the EMA 13, the bears are totally in control of the market If the EMA 13 is in between of the current high and current low, there is strong fight about controlling the market, there is possible reversal in this configuration SETTINGS : Fast MA Period : Fast moving average period (only used for buy sell signal) Slow MA Period : Slow moving average period (only used for buy sell signal) Display candle labels : Show/hide candle labels on the chart Display only bear labels above X : Exclude all top candle labels on the chart below the value specified. Display only bull labels above X : Exclude all bottom candle labels on the chart below the value specified. Display opposite values : Show all candle labels on top (bearish) and bottom (bullish) or only show the candle labels for the winning force on the candle. Display box for last candle : Show/hide the dominance boxes (red and blue) after last candle showing the last bear and bull power. Display box after X candles : How many candles in the future the dominance boxes should be displayed. Display slow / fast crossover (o) : Display crossover signals (circles) between fast line and slow line. Display bear / bull fighting (x) : Display fighting signals (crosses) between bull and bears. VISUALIZATIONS : This indicator has 3 possible complementary visualizations: Candle labels : The labels on top are the percentage of the bears on the candle, while the labels on the bottom are the percentage of the bulls on the candle. When the bulls are winning the labels are blue, when the bears are winning the labels are red, silver otherwise. Box after last candle : The blue and red boxes after the last candle are the percentage of bears and bulls on the last candle of the chart. That boxes can be disabled in the settings if you feel it is redundant with the labels. Signals : The signals are displayed at the bottom of the main area of trading. The orange “x” represents an area where bulls and bears are fighting hard. The blue “o” represents a buy signal (fast line crosses over the slow line) and the red “o” represents a sell sinal (fast line crosses under the slow line). USAGE : The most important rule in the usage of this indicator is : “The higher the current bull power is (or bear power), the higher the chances are the next candle will also be bullish (or bearish).” When the prices is increasing, it is very interesting to follow the bull power to verify that it is either stable or increasing. If the bull power keeps decreasing candle after candle, there is chances that in the next candles there will be a reversal. When there is orange crosses in the signal area (bottom of the screen), it means that there is a big fight between bulls and bears and that the current price of the asset is probably stable. During these fighting areas, reversals are more likely to happen. When there is a blue circle in the signal area (or red signal), it can be considered as a buy signal (or sell signal). These signals are determined by the crossover of the fast and slow lines of the total power of the bulls plus the bears. LIMITATIONS : As Pine script only allows to display about 50 drawings on the chart, the labels on the candles can not be printed on all the historical candles. The option “Display opposites” could be useful to hide unnecessary labels and then be able to display more older labels. As the Elder ray indicator uses an average price (EMA 13 of closing price), the indicator may be lagging in some situations, but most of the time it will help to filter the bad signals contrary to the indicators that are too reactive.
Penunjuk Pine Script®
oleh Gunzo_TV
46
Bull / Bear Market RegimeBull / Bear Market Regime Instructions: - A simple risk on or risk off indicator based on CBOE's Implied Correlation and VIX to highlight and indicate Bull / Bear Markets. To be used with the S&P500 index as that's the source from where the CBOE calculates and measures implied volatility & implied correlation. Can also be used with the other indices such as: Dow Jones, S&P 500, Nasdaq, & Nasdaq100, & Index ETF's such as DIA, SPY, QQQ, etc. - Know the active regime, see the larger picture using the Daily or Weekly view, and visualize the current "Risk On (Bull) or Risk Off (Bear)" environment. Description: - Risk On and Risk Off simplified & visualized. Know if we are in a RISK ON or RISK OFF environment (Bull or Bear Market). (Absolute bottoms and tops will occur BEFORE a Risk On (Bull Market) or Risk Off (Bear Market) environment is confirmed!) This indicator is not meant to bottom tick or uptick market price action, but to show the active regime. - Green: Bull Market, Risk On, low volatility, and low risk. - Red: Bear Market, Risk Off, high volatility, and higher risk. Buy & Sell Indicators (DAILY time frame) - Nothing is 100% guaranteed! Can be used for short to medium term trades at the users discretion in BEAR MARKETS!! - These signals are meant to be used during a RISK OFF / BEAR MARKET environment that tends to be accompanied with high volatility. A Risk on / Bull Market environment tends to have low volatility and endless rallies, so the signals will differ and in most instances not apply for Bull market / Risk on regime. - The SELL signal will more often than not signal that a pullback is near in a BULL market and that a BMR-Bear Market Rally is almost over in a BEAR market. - The BUY signal will have far more accuracy in a BEAR market-high volatility environment and can Identify short-term and major bottoms. Always use proper sizing and risk management!
Penunjuk Pine Script®
oleh SheepWoolos
Elder Ray Bull and Bear Power OscillatorsElder Ray Bull and Bear Power Oscillators Tradingview Screener Bull Bear Power(BBPOWER) OVERVIEW The Bull and Bear Power oscillators developed by Dr Alexander Elder attempt to measure the power of buyers (bulls) and sellers (bears) to push prices above and below the consensus of value. The primary principles on which Elder based the oscillator are: The highest price displays the maximum buyer’s power within the day. The lowest price displays the maximum seller’s power within the day. The moving average can be construed as a price agreement between buyers and sellers for a given time period. The Bulls/Bears power balance is important since changes in this balance can signal the early stages of a potential trend reversal. CALCULATION Elder uses a 13-day exponential moving average (EMA) to indicate the consensus market value. Bull Power is calculated by subtracting the 13-day EMA from the day’s high. Bear Power is derived by subtracting the 13-day EMA from the day’s low. TRADING WITH THE ELDER RAY BULL AND BEAR POWER OSCILLATORS BULL POWER Where a currency uptrend is sustained to the point that maximum prices move above the EMA the Bull Power histogram will be greater than zero. As price maximums accelerate to greater levels (above the EMA) during the rising trend histogram bars will increase in height above the zero line showing the increased buying strength during the period. BEAR POWER Where a currency downtrend is sustained to the point that minimum prices move below the EMA the Bear Power histogram will be less than zero. As price minimums accelerate to lower levels (below the EMA) during the falling trend histogram bars will increase in height below the zero line showing increased selling strength during the period. TRADING SIGNALS It is important for traders to use the Elder Ray oscillators in conjunction with the EMA overlay over the price chart (typically as per period being analysed) to give additional context to the signals. Sell signals are given if Bull Power is above zero and there is a bearish divergence in the Bull Power histogram or if the Bull Power histogram is above zero and falling. Buy signals are given if Bear Power is below zero and there is a bullish divergence in the Bear Power histogram or if the Bear Power histogram is below zero and rising. It is extremely important for traders to only trade in the above scenarios if the direction of the trend indicated by the slope of the EMA on the price chart is in the direction of their trade when the signal is given (or shortly after).
Penunjuk Pine Script®
oleh ceyhun
3
Bull vs Bear CandlesThe Bull vs Bear Candles indicator helps you analyze market sentiment by counting and comparing bullish and bearish candles. It tracks the number of bullish candles and calculates their percentage, then does the same for bearish candles. Based on this data, the indicator determines whether bulls or bears are in control. Additionally, it counts the total number of candles within the selected range, giving you a clearer picture of price action. Use this tool to quickly assess market trends and make more informed trading decisions. 🚀
Penunjuk Pine Script®
oleh yourtradingbuddy
Bull/Bear Candle % Oscillator█ OVERVIEW This script determines the proportion of bullish and bearish candles in a given sample size. It will produce an oscillator that fluctuates between 100 and -100, where values > 0 indicate more bullish candles in the sample and values < 0 indicate more bearish candles in the sample. Data produced by this oscillator is normalized around the 50% value, meaning that an even 50/50 split between bullish and bearish candles makes this oscillator produce 0; this oscillator indirectly represents the percent proportion of bullish and bearish candles in the sample (see HOW TO USE/INTERPRETATION OF DATA ). It has two overarching settings: 'classic' and 'range'. █ CONCEPTS This script will cover concepts related to candlestick analysis, volumetric analysis, and lower timeframes. Candlestick Analysis - The idea behind this script is to solely look at the candlesticks themselves and derive information from them in a given sample. It separates candles into two categories, bullish (close > open) and bearish (close < open). If the indicator's setting is set to 'classic', the size of candles do not matter and all are assigned a value of 1 or 0. If the indicator's setting is set to 'range', specific candle ranges modify the proportion of bullish/bearish values. Bullish candle values include all bullish candles in the set from their lows to the close, plus the lower wicks of all bearish candles. Bearish candle values include all bearish candles in the set from their highs to the close, plus the upper wicks of all bullish candles. Volumetric Analysis - One of this script's features allows the user to modify the bullish and bearish candle proportions by its 'weight' determined by its volume compared to the sample set's total volume. Volumetric analysis for the 'range' setting are more complex than 'classic' as described below. Lower Timeframes - For volumetric analysis to be done on candle wicks, there needed to be a way to determine how much volume had occurred in the wick by itself to find the weight of upper and lower wicks. To accomplish this, I employed PineScrypt's request.security_lower_tf function to grab OHLC values of lower timeframe candles (as well as volume) to determine how much volume had occurred in the wicks of the chart resolution's candle. The default OHLC values used here are the lows for upper wicks and highs for lower wicks. These OHLC values are then compared to the chart resolution candle's close to determine if the volume of that lower timeframe candle should be shifted to the wick weight or stay in the current weight of that candle. The reason 'low' and 'high' are used here is to guarantee that 100% of the volume of a lower timeframe candle had occurred in the wick of the candle at the current resolution (see LIMITATIONS ). Bullish candles will exclude volume of all lower timeframe candles whose lows were greater than that candle's close. Bearish candles will exclude volume of all lower timeframe candles whose highs were less than that candle's close. These wick volumes are then divided by the volume of the sample set, and wick sizes are then multiplied by this weight before being added to their specific bullish/bearish sums (lower wicks to bullish and upper wicks to bearish). █ FEATURES There are 13 inputs for the user to modify the behavior/visual representation of this script. Sample Length - This determines how many candles are in the sample set to find the proportion of bullish and bearish candles. Colors and Invert Colors - There are three colors set by the user: a bullish color, neutral color, and bearish color. The oscillator plots two lines, one at 0 and another that represents the proportion of bullish or bearish candles in the sample set (we'll call this the 'signal line'). If the oscillator is above 0, bullish color is used, bearish otherwise. This script generates a gradient to color a filled area between the 0 line and the signal line based on the historical values of the oscillator itself and the signal line. For bullish values, the closer the signal line is to the max (or restricted max described below) that the oscillator has experienced, the more colored toward bullish color the shaded area will be, using the neutral color as a starting point. The same is applied to the bearish values using the bearish color. There is an additional input to invert the colors so that the bearish color is associated with bullish values and vise-versa. Calculation Type - This determines the overarching behavior of the oscillator and has two settings: Classic - The weight of candles are either 1 if they occurred and 0 if not. Range - The weight of candles is determined by the size of specific sections as described in CONCEPTS - Candlestick Analysis . Volume Weighted - This enables modifying the weights of candles as described in CONCEPTS - Volumetric Analysis and Lower Timeframes based on which Calculation Type is used. Wick Slice Resolution - This is the lower timeframe resolution that will be used to slice the chart resolution's candle when determining the volumetric weight of wicks. Lower timeframe resolutions like '1 minute' will yield more precise results as they will give more data points to go off of (see LIMITATIONS ). Upper/Lower Wick Source - These two inputs allow the user to select which OHLC values to compare against the chart resolution's candle close when determining which lower timeframe candles will have their volumes associated with the wicks of candles being analyzed at the chart's resolution. Restrict Min/Max Data and Restriction - This will restrict the maximum and minimum values that will be used for the signal line when comparing its value to previous oscillator values and change how the color gradient is generated for the indicator. Restriction is the number of candles back that will determine these maximum and minimum values. Display Min/Max Guide - This will plot two lines that are colored the corresponding bullish and bearish colors which follow what the maximum and minimum values are currently for the oscillator. █ HOW TO USE/INTERPRETATION OF DATA As mentioned in the OVERVIEW section, this oscillator provides an indirect representation of the percent proportion of bullish or bearish candles in a given sample. If the oscillator reads 80, this does not mean that 80% of all candles in the sample were bullish . To find the percentage of candles that were bullish or bearish, the user needs to perform the following: 50% + ((|oscillator value| / 100) * 50)% If the oscillator value is negative, the value from above will represent the percentage of bearish candles in the sample. If it is positive, this value represents the percentage of bullish candles in the sample. Example 1 (oscillator value = 80): 50% + ((|80| / 100) * 50)% 50% + ((0.80) * 50)% 50% + 40% = 90% 90% of the candles in the sample were bullish. Example 2 (oscillator value = -43): 50% + ((|-43| / 100) * 50)% 50% + ((0.43) * 50)% 50% + 21.5% = 71.5% 71.5% of the candles in the sample were bearish. An example use of this indicator would be to put in a 'buy' order when its value shows a significant proportion of the sampled candles were bearish, and put in a 'sell' order when a significant proportion of candles were bullish. Potential divergences of this oscillator may also be used to plan trades accordingly such as bearish divergence - price continues higher as the oscillator decreases in value and vise-versa.* * Nothing in this script constitutes any form of financial advice. The user is solely responsible for their trading decisions and I will not be held liable for any losses or gains incurred with the use of this script. Please proceed with caution when using this script to assist with trading decisions. █ LIMITATIONS Range Volumetric Weights : Because of the conditions that must be met in order for volume to be considered part of wicks, it is possible that the default settings and their intended reasoning will not produce reliable results. If all lower timeframe candles have highs or lows that are within the body of the candle at the chart's resolution, the volume for the wicks will effectively be 0, which is not an accurate representation of those wicks. This is one of the reasons why I included the ability to change the source values used for these conditions as certain OHLC values may produce more reliable/intended results under these conditions. Wick Slice Resolution : PineScript restricts the number of intrabar references to 100,000 total. This script uses 3 separate request.security_lower_tf calls and has a default resolution of 1 minute. This means that if the user were to set the oscillator to the Range setting, enable volume weighted, and had the Wick Slice Resolution set to 1 minute, this script will exceed this 100,000 reference restriction within 24 days of data and will not produce any results beyond the previous 23.14 days. Below are example uses of all the different settings of this script, these are done on the 1D chart of COINBASE:BTCUSD : Default Settings: Classic - Volume Weighted: Range - no Volume Weight: Range - Volume Weighted (1 min slices): Range - Volume Weighted (1 hour slices): Display Min/Max Guide - No Restriction: Display Min/Max Guide - Restriction: Invert Colors:
Penunjuk Pine Script®
oleh SolCollector