IvanLabrie

R.E.Signal V3.0: Updated version to work with Key Hidden Levels

Hi, I updated the code to be able to use Tim West's TW_UB indicator, which helps a lot with seeing price waves, coloring bars that form new highs green, new lows red and inside and outside bars red.
The indicator now only plots range expansion bars, with a triangle shape above or below each bar to make it visually clear.
Hope you find this of use.
Cheers,
Ivan.
오픈 소스 스크립트

진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?
study("R.E.Signal V3.0", overlay=true)
rangeup = close[1]+tr[1]
rangedown = close[1]-tr[1]
over() => high > rangeup and close > open and low > low[1]
under() => low < rangedown and close < open and high < high[1]
plotshape(over(), style=shape.triangleup, location=location.belowbar, color=green)
plotshape(under(), style=shape.triangledown, location=location.abovebar, color=red)
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코멘트

Please try version 3.1:

study("R.E.Signal V3.0", overlay=true)
rangeup = close+tr
rangedown = close-tr
over() => high > rangeup and close > open
under() => low < rangedown and close < open
plotshape(over(), style=shape.triangleup, location=location.belowbar, color=green)
plotshape(under(), style=shape.triangledown, location=location.abovebar, color=red)

I changed it so that it doesn't ignore range expansion bars that are outside bars. With Tim West's TW_UB you get black colored outside and inside bars anyway.
+1 응답
this looks really interesting. Have you thought of combining it to show both range and volume expansion, perhaps compared to the same bar previous session for intraday? NinjaTrader has a 'volatility bar' which functions like this, i've yet to find one on TradingView
응답
IvanLabrie illuminiF0x
There's an indicator in Tim West's suite that does this, called RgExp.



The volume gives useful clues...that bar I highlight has lower volume than the previous up move, seems like some kind of shakeout too (the big drop on below average volume to then instantly flip up).
응답
Thanks for this!
응답
IvanLabrie KevinSinghDhaliwal
I find it can help confirm impulse legs for pattern traders as well. The 50% retrace of these bars is a strong s/r level too, and they trigger breakouts from consolidation with very high success rate.
+1 응답
definitely
+1 응답