OPEN-SOURCE SCRIPT
Kijun Sen Median
Atualizado
Key Features:
Kijun-Sen Calculation: The traditional Kijun-Sen is calculated as the average of the highest high and the lowest low over a specified period. This script introduces a variation by using the median price of the user-defined source (kj_src2) over the selected length (med_len), creating a median-based Kijun-Sen.
Trend Indication:
A positive trend is indicated when the source price is above the Kijun-Sen.
A neutral trend is indicated when the source price is equal to the Kijun-Sen.
A negative trend is indicated when the source price is below the Kijun-Sen.
User Inputs:
Plot Kijun-Sen: Toggle to enable or disable the display of the Kijun-Sen line.
Kijun-Sen Length (len): Sets the period for calculating the Kijun-Sen.
Median Length (med_len): Defines the period over which the median price is calculated.
Kijun Source (kj_src): The source price for evaluating conditions above, equal, or below the Kijun-Sen.
Median Source (kj_src2): The source price used in calculating the median price for the Kijun-Sen.
This indicator is designed to help traders identify trend changes and potential reversal points based on a modified Kijun-Sen line. The color-coded line provides an immediate visual cue for the current market condition, making it easier to interpret trends and potential trading signals.
Kijun-Sen Calculation: The traditional Kijun-Sen is calculated as the average of the highest high and the lowest low over a specified period. This script introduces a variation by using the median price of the user-defined source (kj_src2) over the selected length (med_len), creating a median-based Kijun-Sen.
Trend Indication:
A positive trend is indicated when the source price is above the Kijun-Sen.
A neutral trend is indicated when the source price is equal to the Kijun-Sen.
A negative trend is indicated when the source price is below the Kijun-Sen.
User Inputs:
Plot Kijun-Sen: Toggle to enable or disable the display of the Kijun-Sen line.
Kijun-Sen Length (len): Sets the period for calculating the Kijun-Sen.
Median Length (med_len): Defines the period over which the median price is calculated.
Kijun Source (kj_src): The source price for evaluating conditions above, equal, or below the Kijun-Sen.
Median Source (kj_src2): The source price used in calculating the median price for the Kijun-Sen.
This indicator is designed to help traders identify trend changes and potential reversal points based on a modified Kijun-Sen line. The color-coded line provides an immediate visual cue for the current market condition, making it easier to interpret trends and potential trading signals.
Notas de Lançamento
Added a Line Width input.Notas de Lançamento
Compacted codeNotas de Lançamento
Small fixesScript de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
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