PROTECTED SOURCE SCRIPT
Atualizado ARKA-Stoplight Trend Analysis
Bars turn green when the 5-period moving average is above the 15-period moving average, and the 15-period moving average is above the 30-period moving average. If all three degrees of the trend are positive, the trend is up, and we can more confidently enter on the long side by confirming our trading system.
Bars turn red when the 5-period moving average is below the 15-period moving average and the 15-period moving average is below the 30-period moving average. If all three degrees of the trend are negative, the trend is a downside, and we can enter on the short side by confirming our trading system.
The bars turn yellow when the three moving averages are not in the two ways mentioned above, it is a sign of weakness and side market. In this situation, because the direction of the market is not yet clear, we do not have an entry and we wait.
Bars turn red when the 5-period moving average is below the 15-period moving average and the 15-period moving average is below the 30-period moving average. If all three degrees of the trend are negative, the trend is a downside, and we can enter on the short side by confirming our trading system.
The bars turn yellow when the three moving averages are not in the two ways mentioned above, it is a sign of weakness and side market. In this situation, because the direction of the market is not yet clear, we do not have an entry and we wait.
Notas de Lançamento
Minor Issue fixed.Notas de Lançamento
Bug Fixed.Notas de Lançamento
Add an Alert for a bar color change in the indicator to green or red.Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.