OPEN-SOURCE SCRIPT
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Structure Analyzer

A momentum indicator that uses the highest and lowest values for price in three different lookback lengths to find the performance relative to three timeframes.

- The yellow line is the product of the price performance in three different timeframes.
- The red line is 200 EMA of the performance.
- The blue columns represent the same calculation or the volume(OBV based).
- The aqua line is the 200 EMA of the volume performance.

How to use: Whenever the performance crosses above the 200 EMA, the price is in an uptrend.

Important: When in a downtrend, the performance will stay below the 200 EMA for a long time; hence it is important o wait until the crossover.
릴리즈 노트
Changes introduced to make the graph more comprehensible.
릴리즈 노트
Changed the default periods.

면책사항

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