PROTECTED SOURCE SCRIPT
Atualizado Trend Strength Indicator
How to use?
1) The purple line summarizes the overall trend strength.
If the purple line is above 50, the market is considered to be bullish
If the purple line is below 50, the market is then considered to be bearish
Buy-Long position can be considered when the purple line is crossing up the 50-line and exit-long position can be considered vice versa.
However it is best to let the purple line to test the 50 line after crossing.
2) Each bar represents the each price movement strength index.
If the bar is above the purple line, the bar's color will become blue, indicating that the price is gaining momentum.
If the bar is below the purple line, the bar's color will turn to yellow, indicating the prices is losing momentum.
Default setting is period : 20, average : 20. It can be customized based on trading style and risk tolerance.
1) The purple line summarizes the overall trend strength.
If the purple line is above 50, the market is considered to be bullish
If the purple line is below 50, the market is then considered to be bearish
Buy-Long position can be considered when the purple line is crossing up the 50-line and exit-long position can be considered vice versa.
However it is best to let the purple line to test the 50 line after crossing.
2) Each bar represents the each price movement strength index.
If the bar is above the purple line, the bar's color will become blue, indicating that the price is gaining momentum.
If the bar is below the purple line, the bar's color will turn to yellow, indicating the prices is losing momentum.
Default setting is period : 20, average : 20. It can be customized based on trading style and risk tolerance.
Notas de Lançamento
Changed default setting from 20/20 to 14/14Change lower base from 20 to 0
Notas de Lançamento
Adjusted the precision for divergence Notas de Lançamento
1) Updated calculation coding and default setting (14/14 to 14/20) to reduce noise2) Add up color bar coding. When Average line crosses up 50 line, bar color will turn to yellow and turns to purple when crosses down 50-line
Notas de Lançamento
1) Updated name from Trend Strength Indicator to Trend Relative Strength2) Introduced input for average up & average down control
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
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
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
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.