OPEN-SOURCE SCRIPT
Force Index with Buy on Dip strategy
Atualizado
This charts has 2 indicators
1 - Force Index
This indicator is based on Dr Alexander Elder ForceIndex indicator with relate price to volume by multiplying net change and volume.
- GREEN Bar indicates Bull is in control
- RED Bar indicates Bear is in control.
LENGTH of the bar indicate the strength of Bull or Bear.
Normally there's potential BUY if the RED bar turned GREEN and SELL if GREEN to RED.
2 - Stochastic momentum
Stochastic momentum is to detect potential Reversal where BLUE bar will appear if :-
- Oversold - Stochastic less than 35
- Closing price is higher than last 2 High (Fast Turtle)
// Note : Best use with "EMA Indicators with BUY sell Signal"
1 - Force Index
This indicator is based on Dr Alexander Elder ForceIndex indicator with relate price to volume by multiplying net change and volume.
- GREEN Bar indicates Bull is in control
- RED Bar indicates Bear is in control.
LENGTH of the bar indicate the strength of Bull or Bear.
Normally there's potential BUY if the RED bar turned GREEN and SELL if GREEN to RED.
2 - Stochastic momentum
Stochastic momentum is to detect potential Reversal where BLUE bar will appear if :-
- Oversold - Stochastic less than 35
- Closing price is higher than last 2 High (Fast Turtle)
// Note : Best use with "EMA Indicators with BUY sell Signal"
Notas de Lançamento
*****************************************************************************************Description :-
This indicator is based on Dr Alexander Elder ForceIndex indicator
with relate price to volume by multiplying net change and volume.
1 - GREEN Bar and GREEN background indicates Bull is in control
2 - RED Bar and RED background indicates Bear is in control.
LENGTH of the bar indicate the strength of Bull or Bear.
Normally there's potential BUY if the RED bar turned GREEN and SELL if GREEN to RED.
On top of that, it's also include information about Stochastic momentum to detect
potential Reversal. BLUE bar will appear if :-
1 - Oversold - Stochastic less than 35 (Default value set at 35)
2 - Closing price is higher than last 2 High
Note : Best use with "EMA Indicators with BUY sell Signal"
Notas de Lançamento
New Update :-Change background color of the FiFT indicator to indicate BULL or BEAR force.
1 - GREEN Bar and GREEN background indicates Bull is in control
2 - RED Bar and RED background indicates Bear is in control.
LENGTH of the bar indicate the strength of Bull or Bear.
Normally there's potential BUY if the RED bar turned GREEN and SELL if GREEN to RED.
On top of that, it's also include information about Stochastic momentum to detect
potential Reversal. BLUE bar will appear if :-
1 - Oversold - Stochastic less than 35 (Default value set at 35)
2 - Closing price is higher than last 2 High
Note : Best use with "EMA Indicators with BUY sell Signal"
Notas de Lançamento
Remove Star from -ve FiFT BOD signal. Notas de Lançamento
Bug fix : FiFT change with different candle type.Standardize signal to avoid confusion : OB = Overbought, OS = Oversold.
Notas de Lançamento
Code Clean upNotas de Lançamento
Simplify the code to focus on volume only instead of integrating Volume and PirceScript 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.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
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