OPEN-SOURCE SCRIPT
B + A + D v0.4
This script combines a momentum histogram (B-Xtrender) with trend strength and direction filters (ADX + DI).
The histogram is built from EMA differentials processed through RSI, showing short- and long-term momentum shifts around the zero line. ADX with DI+ / DI− is used to confirm whether the market is trending and in which direction.
Bullish signals appear when the histogram turns positive and DI+ dominates DI− with sufficient trend strength.
Bearish signals appear when the histogram turns negative and DI− dominates DI+ with sufficient trend strength.
Important note for users:
The strongest and most reliable signals are those that appear immediately after the histogram crosses the zero line (from negative to positive or from positive to negative). Signals that appear later, while the histogram is already extended in the trend, tend to be weaker and should be treated as continuation signals rather than high-probability reversals.
Credits:
Special thanks to the authors of the original concepts and scripts:
pl.tradingview.com/v/VTPMMOrx/
pl.tradingview.com/v/YHZimEz8/
The histogram is built from EMA differentials processed through RSI, showing short- and long-term momentum shifts around the zero line. ADX with DI+ / DI− is used to confirm whether the market is trending and in which direction.
Bullish signals appear when the histogram turns positive and DI+ dominates DI− with sufficient trend strength.
Bearish signals appear when the histogram turns negative and DI− dominates DI+ with sufficient trend strength.
Important note for users:
The strongest and most reliable signals are those that appear immediately after the histogram crosses the zero line (from negative to positive or from positive to negative). Signals that appear later, while the histogram is already extended in the trend, tend to be weaker and should be treated as continuation signals rather than high-probability reversals.
Credits:
Special thanks to the authors of the original concepts and scripts:
pl.tradingview.com/v/VTPMMOrx/
pl.tradingview.com/v/YHZimEz8/
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
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 de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
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.