PROTECTED SOURCE SCRIPT
Atualizado LineBreak Exponential Moving Average
There are two types of charts. Timed and timeless ones.
The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.
Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.
Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.
To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.
The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.
Tread lightly, for this is line-broken ground.
The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.
Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.
Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.
To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.
The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.
Tread lightly, for this is line-broken ground.
Notas de Lançamento
Minor consistency fixes.Notas de Lançamento
Fixes in lower timeframes.Notas de Lançamento
Changes in EMA calculation method.Script protegido
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.