OPEN-SOURCE SCRIPT
Sentinels

Sentinels is a playful variation on combining different mean averages (MA).
A cross of 2 user-defined MA's (MA 1 & MA 2) initiates the drawing of a sentinel with tentacles, which, on its turn can provide potential support/resistance or entry/stop-loss/take profit zones.

The type of each MA (MA 1, MA 2 and tentacles) can be chosen from following options:
🔹 Examples

Fast & slow MA: HullMA, Tentacles: TEMA

Fast & slow MA: SMA, Tentacles: WMA

Fast & slow MA: WMA, Tentacles: WMA

Fast & slow MA: TEMA, Tentacles: TEMA
🔶 DETAILS
🔹 Head-Body
The head-body is formed by:



The color of the head-body is a gradient which can be set. The color of the tentacles (non-gradient) can be set as well.
The head-body of the sentinel will be visible for maximum 60 bars after a cross has occured.
🔹 Tentacles
The length of the 'Tentacles' is calculated by taking the difference between the length of MA 1 and MA 2 , and dividing this by 6 -> diff.
The length of each tentacle is MA 1 + a multiple of diff.
The tentacles will only begin to show from 2 bars after a cross.
Each tentacle will be shown maximum x bars after the cross:
Tentacle 1: 15 bars
Tentacle 2: 20 bars
Tentacle 3: 25 bars
Tentacle 4: 30 bars
Tentacle 5: 35 bars
Tentacle 6: 40 bars
🔹 Switch lengths


By switching lengths the colors get switched too.
Note that the tentacles act differently though.
In that way, this can be an extra option to visualize the tentacles.
🔶 Happy Holidays
Merry Christmas and a Happy New Year!
A cross of 2 user-defined MA's (MA 1 & MA 2) initiates the drawing of a sentinel with tentacles, which, on its turn can provide potential support/resistance or entry/stop-loss/take profit zones.
The type of each MA (MA 1, MA 2 and tentacles) can be chosen from following options:
- SMA
- EMA
- SMMA (RMA)
- HullMA
- WMA
- VWMA
- DEMA
- TEMA
🔹 Examples
Fast & slow MA: HullMA, Tentacles: TEMA
Fast & slow MA: SMA, Tentacles: WMA
Fast & slow MA: WMA, Tentacles: WMA
Fast & slow MA: TEMA, Tentacles: TEMA
🔶 DETAILS
🔹 Head-Body
The head-body is formed by:
- the slow MA when there is a crossunder.
- the fast MA when there is a crossover.
The color of the head-body is a gradient which can be set. The color of the tentacles (non-gradient) can be set as well.
The head-body of the sentinel will be visible for maximum 60 bars after a cross has occured.
🔹 Tentacles
The length of the 'Tentacles' is calculated by taking the difference between the length of MA 1 and MA 2 , and dividing this by 6 -> diff.
The length of each tentacle is MA 1 + a multiple of diff.
The tentacles will only begin to show from 2 bars after a cross.
Each tentacle will be shown maximum x bars after the cross:
Tentacle 1: 15 bars
Tentacle 2: 20 bars
Tentacle 3: 25 bars
Tentacle 4: 30 bars
Tentacle 5: 35 bars
Tentacle 6: 40 bars
🔹 Switch lengths
By switching lengths the colors get switched too.
Note that the tentacles act differently though.
In that way, this can be an extra option to visualize the tentacles.
🔶 Happy Holidays
Merry Christmas and a Happy New Year!
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
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 de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
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.