OPEN-SOURCE SCRIPT
Step Rider
Release Note:
Idea of this script is to ride on the trend. Multiple dynamic support and resistance are identified and those levels are used
Step Lines:
There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role
Color Strength:
Change in Red & Green color and its thickness changed based on how strong the up or down trend is.
Disclaimer:
//Disclaimer: Idea of publishing this script is to identify the strength of the instrument using multiple confirmation.
//Disclaimer: Using this indicator, changing inputs, and trading decisions are up to the users/traders.
//Courtesy: Thanks to Richard Donchian, Alan Hull as this indicator/script inspired by Donchian Channels, Hull Moving Average
Idea of this script is to ride on the trend. Multiple dynamic support and resistance are identified and those levels are used
Step Lines:
There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role
Color Strength:
Change in Red & Green color and its thickness changed based on how strong the up or down trend is.
Disclaimer:
//Disclaimer: Idea of publishing this script is to identify the strength of the instrument using multiple confirmation.
//Disclaimer: Using this indicator, changing inputs, and trading decisions are up to the users/traders.
//Courtesy: Thanks to Richard Donchian, Alan Hull as this indicator/script inspired by Donchian Channels, Hull Moving Average
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.
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.