LazyBear

Belkhayate Timing [LazyBear]

--- Update April 11, 2015 ----

I have merged in @TheMighyChicken's code (Thanks!) and added some more options. Updated source here - pastebin.com/fVx5Bugi

Changes:
--------------
- Switch between plain candles and colored oscillator candles.
- Switch between candles and plain oscillator view.


--- Original Description ---

Belkhayate Timing, by Mostafa Belkhayate, is very famous in the Forex groups. This is a port from one of the MT4 versions available. If you have used this in other platforms, do let me know if this looks compared to those.

The usage is similar to that of ValueChart (www.tradingview.com/v/vqWXNNq2/). The middle area is the centroid or neutral area, the shaded regions (red/green) are extreme and beyond those are AlertZones. This seems to be used in conjunction with his other indicators, but, in my limited testing, I have seen this give a lot of good signals, especially on divergences.

Indicator allows coloring bars based on the oscillator position or show oscillator histogram (Check the options page).

Histogram=ON:

No Oscillator Smoothing:

@TheMightyChicken Can you do your candle magic on this oscillator too, just like you did for ValueChart? :)

More Info:
www.forexfactor.../attachment.php?attachment...

List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970

List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
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?
//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//

study("Belkhayate Timing [LazyBear]", shorttitle="BT_LB", overlay=false)
showHLC=input(true, title="Smooth Osc?"), showHisto=input(false, title="Show Histogram?")
Range1=input(4), Range2=input(8), ebc=input(false, title="Enable Barcolors")
middle = (((high + low) / 2) + ((high[1] + low[1]) / 2) + ((high[2] + low[2]) / 2) + ((high[3] + low[3]) / 2) + ((high[4] + low[4]) / 2)) / 5
scale = (((high - low) + (high[1] - low[1]) + (high[2] - low[2]) + (high[3] - low[3]) + (high[4] - low[4])) / 5) * 0.2
h = (high - middle) / scale
l = (low - middle) / scale 
o = (open - middle) / scale
c = (close - middle) / scale
ht=showHLC?avg(h, l, c):c
plot(0, title="ZeroLine", color=gray)
l1=plot(Range1, title="SellLine1", color=gray)
l2=plot(Range2, title="SellLine2", color=gray)
l3=plot(-Range1, title="BuyLine1", color=gray)
l4=plot(-Range2, title="BuyLine2", color=gray)
fill(l1,l2,red, title="OBZone"), fill(l3,l4, lime, title="OSZone")
plot(showHisto?ht:na, style=histogram, title="BTOscHistogram", linewidth=1, color=ht>0?green:red) 
plot(ht, style=line, title="BTOsc", linewidth=3, color=gray) 
bc=ht>0?(ht>=Range2?blue:(ht>=Range1?green:lime)):(ht<=-Range2?blue:(ht<=-Range1?maroon:red))
barcolor(ebc?bc:na)
plot(ht, style=linebr, title="BTOsc", linewidth=3, color=gray)