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Premium USOIL Multi Time Frame Indicator
The "Premium USOIL Multi Time Frame Indicator" is a comprehensive tool designed for advanced technical analysis on TradingView. This indicator provides multi-time frame insights, enabling traders to analyze USOIL (WTI Crude Oil) market trends, momentum, and volatility efficiently. Below is a detailed description of its features and functionalities:
Features:
Multi Time Frame Data:
Higher Time Frame (HTF): Configurable via input parameter (default: 1 minute).
Lower Time Frame (LTF): Configurable via input parameter (default: 5 minutes).
Trend Detection with Moving Averages:
50-period Simple Moving Average (SMA) on both higher and lower time frames to identify trend directions.
Market Momentum - MACD:
MACD and Signal Line calculated on the higher time frame to gauge market momentum.
Generates buy and sell signals based on MACD crossovers.
Relative Strength Index (RSI):
14-period RSI on the higher time frame for momentum analysis.
Highlights overbought (RSI > 70) and oversold (RSI < 30) conditions with background colors.
Volatility Measurement - Bollinger Bands:
20-period SMA and standard deviation-based Bollinger Bands on the higher time frame.
Plots upper and lower bands to visualize price volatility.
Candle Coloring for Visual Cues:
Strong Bullish: Green candles when conditions indicate strong bullish momentum.
Weak Bullish: Lime candles for weak bullish conditions.
Neutral: Gray candles for neutral market conditions.
Weak Bearish: Orange candles for weak bearish conditions.
Strong Bearish: Red candles for strong bearish momentum.
Signal Alerts:
Buy Signal: Plots a "BUY" label below the bar when specific bullish conditions are met.
Sell Signal: Plots a "SELL" label above the bar when specific bearish conditions are met.
Plotting Indicators:
Higher and Lower Time Frame SMAs.
Upper and Lower Bollinger Bands for volatility analysis.
Usage:
This indicator is tailored for traders who need to make informed decisions based on multi-time frame analysis.
The various signals and visual aids help in identifying potential entry and exit points, trend directions, and market conditions.
To use this indicator, simply add it to your TradingView chart and configure the time frames as per your trading strategy. The default settings are optimized for minute-level analysis but can be adjusted to suit different trading styles.
Features:
Multi Time Frame Data:
Higher Time Frame (HTF): Configurable via input parameter (default: 1 minute).
Lower Time Frame (LTF): Configurable via input parameter (default: 5 minutes).
Trend Detection with Moving Averages:
50-period Simple Moving Average (SMA) on both higher and lower time frames to identify trend directions.
Market Momentum - MACD:
MACD and Signal Line calculated on the higher time frame to gauge market momentum.
Generates buy and sell signals based on MACD crossovers.
Relative Strength Index (RSI):
14-period RSI on the higher time frame for momentum analysis.
Highlights overbought (RSI > 70) and oversold (RSI < 30) conditions with background colors.
Volatility Measurement - Bollinger Bands:
20-period SMA and standard deviation-based Bollinger Bands on the higher time frame.
Plots upper and lower bands to visualize price volatility.
Candle Coloring for Visual Cues:
Strong Bullish: Green candles when conditions indicate strong bullish momentum.
Weak Bullish: Lime candles for weak bullish conditions.
Neutral: Gray candles for neutral market conditions.
Weak Bearish: Orange candles for weak bearish conditions.
Strong Bearish: Red candles for strong bearish momentum.
Signal Alerts:
Buy Signal: Plots a "BUY" label below the bar when specific bullish conditions are met.
Sell Signal: Plots a "SELL" label above the bar when specific bearish conditions are met.
Plotting Indicators:
Higher and Lower Time Frame SMAs.
Upper and Lower Bollinger Bands for volatility analysis.
Usage:
This indicator is tailored for traders who need to make informed decisions based on multi-time frame analysis.
The various signals and visual aids help in identifying potential entry and exit points, trend directions, and market conditions.
To use this indicator, simply add it to your TradingView chart and configure the time frames as per your trading strategy. The default settings are optimized for minute-level analysis but can be adjusted to suit different trading styles.
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.