AII - Average indicator of indicators

MrCancio 업데이트됨   
This Pine Script for TradingView is a technical analysis tool that visualizes the average of several popular indicators in the trading world. The indicators included are the RSI (Relative Strength Index), RVI (Relative Vigor Index), Stochastic RSI, Williams %R, relative MACD (ranging from 0 to 100), and Bollinger Bands price distance from 0 to 100. The script uses the "input" function to customize the length of the indicators and the "plot" function to display the results on the chart. In addition, options are included to turn off certain indicators and change the line colors if the user desires. All indicators can also be activated independently, allowing the user to see only the indicators they want. It is also mentioned that the script will be improved in the future to offer a better user experience. The calculated values are calculated with the default EMA of 14. Overall, this script is an excellent option for those looking for a combined view of several important indicators for making trading decisions.
릴리즈 노트:
- RSI is now plotted by default
- RSI Colors bassed on EMA50 and Average Indicator Value
- Changed Average Indicator Colors
릴리즈 노트:
- Changed Average EMA settings text
- Changed default values: RSI Mean Difference = 0, RSI Mean EMA = 14
- Fixed color bug
릴리즈 노트:
- Changed some settings names
- Changed default RSI-Mean difference to 5
- Now mean indicator fill with 50 line to provide more visual information about the trend (Similar to MACD indicator)
릴리즈 노트:
- Updated some settings texts
- Added Fear and greed indicator to mean
- Added Aroon indicator difference to mean
- This 2 indicators can be shown individually
- Added 40 and 60 reference lines and changed some colors
릴리즈 노트:
Update to Pine Script V5
릴리즈 노트:
Big update:
- Introduced a dynamic weighting system for indicators, allowing users to assign importance levels from 0 to 100 for each indicator used in the mean calculation.
- Added an option to choose between EMA, SMA, or no smoothing for the mean indicator, enhancing customization and analysis flexibility.
- Implemented a function to adjust the mean calculation based on the assigned weights, ensuring a more representative and customized average.
- Updated the MACD histogram plotting logic to utilize a dynamic color scheme based on the indicator's position relative to defined band levels and its directional movement, improving visual analysis and interpretation.
- Reorganized the plot order to prioritize the display of more significant indicators as determined by their assigned weights, ensuring that key data is more prominently featured.
- Enhanced the color palette with the GruvBox scheme, offering a visually appealing and coherent aesthetic across the script's graphical elements.
- Fine-tuned the user interface and settings descriptions for clarity and ease of use, ensuring a better user experience.
- Included additional indicators such as the Aroon Indicator Difference and Fear and Greed Index, expanding the script's analytical capabilities.
- Adjusted default weight values based on indicator significance, providing a more effective starting point for new users.
- Optimized code for better performance and efficiency, ensuring smoother operation on various chart types and timeframes.
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