OPEN-SOURCE SCRIPT

Regression Channel Alternative MTF V2

█ OVERVIEW
This indicator is a predecessor to Regression Channel Alternative MTF, which is coded based on latest update of type, object and method.

█ IMPORTANT NOTES
  • This indicator is NOT true Multi Timeframe (MTF) but considered as Alternative MTF which calculate 100 bars for Primary MTF, can be refer from provided line helper.
  • The timeframe scenarios are defined based on Position, Swing and Intraday Trader.
  • Suppported Timeframe : W, D, 60, 15, 5 and 1.
  • Channel drawn based on regression calculation.
  • Angle channel is NOT supported.


█ INSPIRATIONS
  • These timeframe scenarios are defined based on Harmonic Trading : Volume Three written by Scott M Carney.
  • By applying channel on each timeframe, MW or ABCD patterns can be easily identified manually.
  • This can also be applied on other chart patterns.


█ CREDITS
  • Scott M Carney, Harmonic Trading : Volume Three (Reaction vs. Reversal)


█ TIMEFRAME EXPLAINED
  • Higher / Distal : The (next) longer or larger comparative timeframe after primary pattern has been identified.
  • Primary / Clear : Timeframe that possess the clearest pattern structure.
  • Lower / Proximate : The (next) shorter timeframe after primary pattern has been identified.
  • Lowest : Check primary timeframe as main reference.


█ FEATURES
  • Color is determined by trend or timeframe.
  • Some color is depends on chart contrast color.
  • Color is determined by trend or timeframe.


█ EXAMPLE OF USAGE / EXPLAINATION
snapshot
snapshot
snapshot
snapshot
snapshot
snapshot
contrasteducationalintradayLinear RegressionmethodmultitimeframeobjectpositionregressionswingTYPE

Script de código aberto

No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

Quer usar esse script no gráfico?


Também em:

Aviso legal