OPEN-SOURCE SCRIPT
Phoenix085-Strategies==>MTF - Average True Range + MovAvg

FIRSTLY, Here are a few who have influenced my pinescripting immensely recently:
JustUncleL
BigBitsIO
THEARTOFTRADING
QuantNomad
@SquigglesNiggles and many many many more.
Overview:
> This indicator is a simple crossover of Moving Averages.
> In addition I am using ATR rising as an indication for Trending Price.
> The entry is made once the smaller moving average crosses the bigger moving average, and also the Closes above the Smaller moving average.
> but the only twist here is,
- the ATR source is One timeframe Higher(In this case same as the session).whereas the source for the Moving averages is one Timeframe Lower.
>i.e., if the Session is 1D, the Indicator checks if the ATR is rising in the DAILY TIMEFRAME,
*_* the trade entry is made once the MOVING AVERAGE crossover happens on ONE TIME FRAME lower, as per example, ATR --> 1D = MA -->4H.
> Moving Average ->
- Thick -> Bigger MA,
- Thin and Transparent -> Smaller MA,
> Also, the Color of the Thicker MOVING AVERAGE Changes as Below:
- When LongCondition is satisfied --> Color=Lime
- When ShortCondition is satisfied --> Color=Red
- When neither condition is satisfied --> Color=Gray
NOTE:
1) There is a limitation in using the Securities function for FREE USERS --> Only 500 bars are allowed. So to use the indicators with more data, you need an upgraded TV account.
2) Strategy still needs Fine tuning, but for now, use the Thicker moving average color LIME FOR LONG ENTRIES and RED FOR SHORT ENTRIES.
This is Free for Use and share
JustUncleL
BigBitsIO
THEARTOFTRADING
QuantNomad
@SquigglesNiggles and many many many more.
Overview:
> This indicator is a simple crossover of Moving Averages.
> In addition I am using ATR rising as an indication for Trending Price.
> The entry is made once the smaller moving average crosses the bigger moving average, and also the Closes above the Smaller moving average.
> but the only twist here is,
- the ATR source is One timeframe Higher(In this case same as the session).whereas the source for the Moving averages is one Timeframe Lower.
>i.e., if the Session is 1D, the Indicator checks if the ATR is rising in the DAILY TIMEFRAME,
*_* the trade entry is made once the MOVING AVERAGE crossover happens on ONE TIME FRAME lower, as per example, ATR --> 1D = MA -->4H.
> Moving Average ->
- Thick -> Bigger MA,
- Thin and Transparent -> Smaller MA,
> Also, the Color of the Thicker MOVING AVERAGE Changes as Below:
- When LongCondition is satisfied --> Color=Lime
- When ShortCondition is satisfied --> Color=Red
- When neither condition is satisfied --> Color=Gray
NOTE:
1) There is a limitation in using the Securities function for FREE USERS --> Only 500 bars are allowed. So to use the indicators with more data, you need an upgraded TV account.
2) Strategy still needs Fine tuning, but for now, use the Thicker moving average color LIME FOR LONG ENTRIES and RED FOR SHORT ENTRIES.
This is Free for Use and share
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.