PINE LIBRARY
Atualizado Chikou
Library "Chikou"
This library contains Chikou Filter function to enhances functionality of Chikou-Span from Ichimoku Cloud using a simple trend filter.
Chikou is basically close value of ticker offset to close and it is a good for indicating if close value has crossed potential Support/Resistance zone from past. Chikou is usually used with 26 period.
Chikou filter uses a lookback length calculated from provided lookback percentage and checks if trend was bullish or bearish within that lookback period.
Bullish : Trend is bullish if Chikou span is above high values of all candles within defined lookback period. Bull color shows bullish trend .
Bearish: Trend is bearish if Chikou span is below low values of all candles within defined lookback period. This is indicated by Bearish color.
Reversal / Choppiness : Reversal color indicates that Chikou are swinging around candles within defined lookback period which is an indication of consolidation or trend reversal.
chikou(src, len, perc, _high, _low, bull_col, bear_col, r_col) Chikou Filter for Ichimoku Cloud with Color and Signal Output
Parameters:
src: Price Source (better to use (OHLC4+high+low/3 instead of default close value)
len: Chikou Legth (displaced source value)
perc: Percentage lookback period for Chikou Filter with defined how much candels of total length should be considered for backward filteration
_high: Ticker High Value
_low: Ticker Low Value
bull_col: Color to be returned if source value is greater than all candels within provided lookback percentage.
bear_col: Color to be returned if source value is lower than all candels within provided lookback percentage.
r_col: Color to be returned if source value is swinging around candles within defined lookback period which is an indication of consolidation or trend reversal.
Returns: Color based on trend. 'bull_col' if trend is bullish, 'bear_col' if trend is bearish. 'r_col' if no prominent trend. Integer Signal is also returned as 1 for Bullish, -1 for Bearish and 0 for no prominent trend.
This library contains Chikou Filter function to enhances functionality of Chikou-Span from Ichimoku Cloud using a simple trend filter.
Chikou is basically close value of ticker offset to close and it is a good for indicating if close value has crossed potential Support/Resistance zone from past. Chikou is usually used with 26 period.
Chikou filter uses a lookback length calculated from provided lookback percentage and checks if trend was bullish or bearish within that lookback period.
Bullish : Trend is bullish if Chikou span is above high values of all candles within defined lookback period. Bull color shows bullish trend .
Bearish: Trend is bearish if Chikou span is below low values of all candles within defined lookback period. This is indicated by Bearish color.
Reversal / Choppiness : Reversal color indicates that Chikou are swinging around candles within defined lookback period which is an indication of consolidation or trend reversal.
chikou(src, len, perc, _high, _low, bull_col, bear_col, r_col) Chikou Filter for Ichimoku Cloud with Color and Signal Output
Parameters:
src: Price Source (better to use (OHLC4+high+low/3 instead of default close value)
len: Chikou Legth (displaced source value)
perc: Percentage lookback period for Chikou Filter with defined how much candels of total length should be considered for backward filteration
_high: Ticker High Value
_low: Ticker Low Value
bull_col: Color to be returned if source value is greater than all candels within provided lookback percentage.
bear_col: Color to be returned if source value is lower than all candels within provided lookback percentage.
r_col: Color to be returned if source value is swinging around candles within defined lookback period which is an indication of consolidation or trend reversal.
Returns: Color based on trend. 'bull_col' if trend is bullish, 'bear_col' if trend is bearish. 'r_col' if no prominent trend. Integer Signal is also returned as 1 for Bullish, -1 for Bearish and 0 for no prominent trend.
Notas de Lançamento
v2 : Updated and simplified function using ta.highest and ta.lowestNotas de Lançamento
v3Updated: Erased lookback percentage and let the function work only based on Chikou (displaced Source) length with same results as before
Biblioteca do Pine
No verdadeiro espirito do TradingView, o autor desse código Pine o publicou como uma biblioteca de código aberto, para que outros programadores Pine da nossa comunidade possam reusa-los. Parabéns ao autor! Você pode usar essa biblioteca privadamente ou em outras publicações de código aberto, mas a reutilização desse código em publicações é regida pelas Regras da Casa.
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.
Biblioteca do Pine
No verdadeiro espirito do TradingView, o autor desse código Pine o publicou como uma biblioteca de código aberto, para que outros programadores Pine da nossa comunidade possam reusa-los. Parabéns ao autor! Você pode usar essa biblioteca privadamente ou em outras publicações de código aberto, mas a reutilização desse código em publicações é regida pelas Regras da Casa.
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.