OPEN-SOURCE SCRIPT
업데이트됨 TNT_Upgraded
The background of the indicator to show TrendingUp (Green) / TrendingDown (Red) / Range Bound (Blue) Regions.
The concept is very simple, at each candle we look at the size of the candle and use a moving average of these candle body size (ABS (close-open)) and compare it agains a double smoothened average, i.e. moving average of this average to find trending or not trending periods.
In the upgrade the moving average is now looking only at the current day for intraday timeframe, i.e. in the first 5 bars it is an average of last 5 values, for last 10 candles it is an average of 10 values with the max limited to 28 that is for candle 28 onwards the average is always for 28 candles for default values or as defined by user.
I find it useful primarily for entry in options, a green background is more favourable for call option buying, a red background is favourable for put option buying and blue background is more favourable for option selling.
The coloured ranges show the direction bias, this has been designed using RSI on 3 timeframes with different weight-ages, all customisable by the user.
PS, I only trade Bank Nifty for intraday, all my observations are driven only by Bank Nifty.
The concept is very simple, at each candle we look at the size of the candle and use a moving average of these candle body size (ABS (close-open)) and compare it agains a double smoothened average, i.e. moving average of this average to find trending or not trending periods.
In the upgrade the moving average is now looking only at the current day for intraday timeframe, i.e. in the first 5 bars it is an average of last 5 values, for last 10 candles it is an average of 10 values with the max limited to 28 that is for candle 28 onwards the average is always for 28 candles for default values or as defined by user.
I find it useful primarily for entry in options, a green background is more favourable for call option buying, a red background is favourable for put option buying and blue background is more favourable for option selling.
The coloured ranges show the direction bias, this has been designed using RSI on 3 timeframes with different weight-ages, all customisable by the user.
PS, I only trade Bank Nifty for intraday, all my observations are driven only by Bank Nifty.
릴리즈 노트
Minor code changes오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.