PROTECTED SOURCE SCRIPT
Top and Bottom Oscillator - Quan Dao
Atualizado
This oscillator used to find bottoms and tops to decide when to go in and out of the market. It takes combination of price power, its direction and volume over the time into consideration.
*** Can be used on long term chart (monthly or weekly) or even short-term one like daily, hourly chart.
*** Indicator colors:
- Red: trend down
- Green: trend up
- Black: trend is on-going (either up or down), should wait for the reversal to come.
*** As a general rule of using any oscillator indicator:
- Buy when the oscillator is low and sell when oscillator is on its top.
- Be hesitate to buy when oscillator is on top just because the price is high and everyone is excited about it, as your risk is big and the reward is low.
- Always put a stop when you go in the market, as NO indicator can guarantee you 100% correct all the time.
*** Can be used on long term chart (monthly or weekly) or even short-term one like daily, hourly chart.
*** Indicator colors:
- Red: trend down
- Green: trend up
- Black: trend is on-going (either up or down), should wait for the reversal to come.
*** As a general rule of using any oscillator indicator:
- Buy when the oscillator is low and sell when oscillator is on its top.
- Be hesitate to buy when oscillator is on top just because the price is high and everyone is excited about it, as your risk is big and the reward is low.
- Always put a stop when you go in the market, as NO indicator can guarantee you 100% correct all the time.
Notas de Lançamento
Updated to USD/JPY to have longer view in term of time.Notas de Lançamento
Updated UI and underlying calculation.Added MACD for TAB line as well.
Notas de Lançamento
Updated chart view.Notas de Lançamento
Plot MACD histogram by area instead of bars.Notas de Lançamento
Use -20 as hist base for MACD histogram.Notas de Lançamento
Use Apple stock as example.Notas de Lançamento
- Add a new tool to check the trend: Trending Oscillator (over 100 and under -100 are overbought and oversought areas)- Use the Trending Oscillator to check what the trend is now.
- Then use the TAB Oscillator for timing your enter entry with the trend.
Notas de Lançamento
Use BTC 4H chart.Notas de Lançamento
Use TNAMA for the MA.Add more signals when the MA is oversold or overbought (under 0 or over 100).
Change default length to 73.
Notas de Lançamento
- Update default length to a longer value.- Use NAMA cloud to indicate trending status (background color).
Notas de Lançamento
Add ability to edit timeframe (MTF).Script protegido
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