Threefold_Ghost

Trend Strength - Threefold_Ghost

Threefold_Ghost 업데이트됨   
***************************************************************NO BIAS, NO GUESSING, JUST MATH******************************************************************************************

This script includes open-source code from the following author:

LonesomeTheBlue

Thank you for publishing your work

This script was modified to enhance previous work as well as to serve as a tool for new and seasoned traders alike. The following indicators are mashed together
because they are both math and trend based, creating a very good indication of what the trend is without any bias. By mashing these indicators together, new traders
can better understand why price may react certain ways and seasoned traders can further deep dive a trend to confirm entries and exits. The script can be used
in any time-frame with any ticker. Note, script is not an overlay and will be displayed in a separate pane. Script is also determined by the bar close. Wait for the
bar close for confirmations.

*****************************************************************HOW TO USE THIS INDICATOR**********************************************************************************************

LINEAR REGRESSION Angle:
Defaulted to 100 bars. Unlike the traditional linear regression channel where price is mathematically prone to trade within the regression channel, the linear regression angle works by
calculating the center band of the regression channel and is represented by the green/red columns on the chart. The angle has bullish momentum when greater than 0, represented by the green
columns. Bullish strength is increasing on lime green columns and decreasing on dark green columns, signifying a potential trend reversal. The angle has bearish momentum when less than 0,
represented by the red columns. Bearish strength is increasing on bright red columns and decreasing on dark red columns, signifying a potential trend reversal. Column scale is defaulted to
100 and will need adjusting based on what ticker and time-frame is being charted. Small value assets need a larger scale size and high value assets will need a smaller scale size to fit on chart.

ADX & Directional Movement:
Defaulted to 14 bars. ADX is represented by circles and is lime green/maroon when bullish / bearish trend strength is increasing and black when trend strength is decreasing. There is
market chop when ADX below 25. Very strong trend when above 50. Extreme signal line at 50 is represented by black crosses. Crosses turn red when bullish ADX above 50, signifying potential
trend reversal. Crosses turn lime green when bearish ADX above 50, signifying potential trend reversal.
+DMI or bullish momentum represented by green/black line, weak strength when below 25. -DMI or bearish momentum represented by maroon/black line, weak strength when below 25.

****************************************************************************************************************************************************************************************
릴리즈 노트: Added ability to customize label positions
릴리즈 노트: Updated bullish & bearish momentum default colors. Removed linear regression bars' scale input, it is now updated automatically for user based on price of asset viewed. Helps when switching between asset prices that vary in range from less than $1, to over $10, to $100, $1,000, and $10k+, etc.
릴리즈 노트: set regression angle bar scale to update automatically based on timeframe and asset price
오픈 소스 스크립트

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.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.

차트에 이 스크립트를 사용하시겠습니까?