OPEN-SOURCE SCRIPT
Atualizado False Breakouts With Impulse [PhilDotC]
New to TV and Pine Script and also reading Dr Alexander Elder's The New Trading for a Living.
I have rolled two ideas from the book into one indicator and made it usable in the Pine Screener. When using in the screener tick the "Screener mode" property to get an additional query option allowing you to filter by the number of days since the last false bottom.
This is version 1 of the indicator script and only supports false bottoms (I can only trade long with my broker)
To cut down the amount of clutter on my screen I have rolled the Elder Impulse bar colouring into the indicator. Thanks to LazyBear for that code.
Use it if it helps, suggestions for improvements to the code great fully accepted.
I have rolled two ideas from the book into one indicator and made it usable in the Pine Screener. When using in the screener tick the "Screener mode" property to get an additional query option allowing you to filter by the number of days since the last false bottom.
This is version 1 of the indicator script and only supports false bottoms (I can only trade long with my broker)
To cut down the amount of clutter on my screen I have rolled the Elder Impulse bar colouring into the indicator. Thanks to LazyBear for that code.
Use it if it helps, suggestions for improvements to the code great fully accepted.
Notas de Lançamento
New to TV and Pine Script and also reading Dr Alexander Elder's The New Trading for a Living.I have rolled two ideas from the book into one indicator and made it usable in the Pine Screener. When using in the screener tick the "Screener mode" property to get an additional query option allowing you to filter by the number of days since the last false bottom.
This is version of the indicator script and only supports false bottoms (I can only trade long with my broker)
To cut down the amount of clutter on my screen I have rolled the Elder Impulse bar colouring into the indicator. Thanks to LazyBear for that code.
Use it if it helps, suggestions for improvements to the code great fully accepted.
[Update 18/02/2025] - Added an attempt to predict the closing price level for the next colour change. These appear as two appropriately coloured diamond shapes on the right-hand side of the chart.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.