The ( EWO ) helps identifying where you are in the 5 / 3 , mainly the highest/lowest values of the oscillator might indicate a potential / Wave 3. Mathematically expressed, EWO is the difference between a 5 period and 35 period moving average. In this study instead 35-period, Fibonacci number 34 is implemented for the slow moving average and formula becomes ewo = ( HL2 , 5) - ( HL2 , 34)
The enables traders to track counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. Included with the EWO are the breakout bands that help identify strong impulses.
The Expert Trend Locator ( XTL ) was developed by Tom Joseph (in his book Applying ) to identify major trends, similar to 3 type swings.
Blue bars are and indicate a potential upwards impulse.
Red bars are and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added "TSI Arrows". The arrows is intended to help the viewer identify potential turning points. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.
Now you can change the source type for the EWO and the TSI.
The XTL can be customized since the type of source and the type of moving average can be modified, by default the CCI is calculated by ALMA (HLC3, 35) instead of the SMA(Close, 35). Added to this version an option to use Traditional CCI calculations according to user @JustUncleL
Remember to try different settings to find the right one for each instrument.
Added Double Volume-Weighted Moving Average (DVWMA)
In TSI, the default CLOSE source was replaced by AVERAGE( vwap (H, L) )
Added Bar Colors to EWO and the option of gradient colors.
Added "HLCC4" source.
Added Alerts to XTL (Bearish or Bullish Trend). Alerts are Pre-Set to only Alert on Bar Close.
Added alternate moving average types:
- ADX Weighted Moving Average.
- Coefficient of Variation Weighted Moving Average.
- Fractal Adaptive Moving Average.
Added "MFI|RSI direction bias":
- Shows the different divergences.
- Show Background and Bar Colors to MFI or RSI.
- Show oversold or overbought Areas.
- Show Short and Long Signals.
- Alerts (Short or Long). Alerts are Pre-Set to only Alert on Bar Close.
Added two types of moving averages:
- VAMA (Volume Adjusted Moving Average of @allanster)
- New WMA
The algorithm of the divergences was changed by the version of the user @DoctaBot
이 스크립트의 오써는 참된 트레이딩뷰의 스피릿으로 이 스크립트를 오픈소스로 퍼블리쉬하여 트레이더들로 하여금 이해 및 검증할 수 있도록 하였습니다. 오써를 응원합니다! 스크립트를 무료로 쓸 수 있지만, 다른 퍼블리케이션에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.