OPEN-SOURCE SCRIPT
Composite Strength Indicator
This indicator calculates a composite market strength value by
combining multiple technical metrics: a manually-computed ADX,
RSI, EMA crossover, MACD histogram, and Rate of Change (ROC).
The indicator then visualizes the strength by changing both the
chart's background color and the candle (bar) colors based on
several strength phases:
- Very Strong Bullish (> 30): Green (background semi-transparent, candles opaque)
- Moderately Strong Bullish (21 to 30): Lime
- Mild Bullish (11 to 20): Teal
- Neutral (-10 to 10): Gray
- Mild Bearish (-20 to -11): Orange
- Moderately Strong Bearish (-30 to -21): Red
- Very Strong Bearish (< -30): Maroon
You can customize the indicator parameters (ADX, RSI, EMA, MACD, ROC)
and use the toggles "Display Background Color" and "Display Candle Color"
to enable or disable each color feature.
combining multiple technical metrics: a manually-computed ADX,
RSI, EMA crossover, MACD histogram, and Rate of Change (ROC).
The indicator then visualizes the strength by changing both the
chart's background color and the candle (bar) colors based on
several strength phases:
- Very Strong Bullish (> 30): Green (background semi-transparent, candles opaque)
- Moderately Strong Bullish (21 to 30): Lime
- Mild Bullish (11 to 20): Teal
- Neutral (-10 to 10): Gray
- Mild Bearish (-20 to -11): Orange
- Moderately Strong Bearish (-30 to -21): Red
- Very Strong Bearish (< -30): Maroon
You can customize the indicator parameters (ADX, RSI, EMA, MACD, ROC)
and use the toggles "Display Background Color" and "Display Candle Color"
to enable or disable each color feature.
CJ
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
CJ
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.