OPEN-SOURCE SCRIPT

Trend Strength | Flux Charts

업데이트됨
💎GENERAL OVERVIEW
Introducing the new Trend Strength indicator! Latest trends and their strengths play an important role for traders. This indicator aims to make trend and strength detection much easier by coloring candlesticks based on the current strength of trend. More info about the process in the "How Does It Work" section.

스냅샷

Features of the new Trend Strength Indicator :
  1. 3 Trend Detection Algorithms Combined (RSI, Supertrend & EMA Cross)
  2. Fully Customizable Algorithm
  3. Strength Labels
  4. Customizable Colors For Bullish, Neutral & Bearish Trends

    📌HOW DOES IT WORK ?
    This indicator uses three different methods of trend detection and combines them all into one value. First, the RSI is calculated. The RSI outputs a value between 0 & 100, which this indicator maps into -100 <-> 100. Let this value be named RSI. Then, the Supertrend is calculated. Let SPR be -1 if the calculated Supertrend is bearish, and 1 if it's bullish. After that, latest EMA Cross is calculated. This is done by checking the distance between the two EMA's adjusted by the user. Let EMADiff = EMA1 - EMA2. Then EMADiff is mapped from -ATR * 2 <-> ATR * 2 to -100 <-> 100.

    Then a Total Strength (TS) is calculated by given formula : RSI * 0.5 + SPR * 0.2 + EMADiff * 0.3
    The TS value is between -100 <-> 100, -100 being fully bearish, 0 being true neutral and 100 being fully bullish.

    Then the Total Strength is converted into a color adjusted by the user. The candlesticks in the chart will be presented with the calculated color.

    If the Labels setting is enabled, each time the trend changes direction a label will appear indicating the new direction. The latest candlestick will always show the current trend with a label.

    EMA = Exponential Moving Average
    RSI = Relative Strength Index
    ATR = Average True Range

    🚩UNIQUENESS
    The main point that differentiates this indicator from others is it's simplicity and customization options. The indicator interprets trend and strength detection in it's own way, combining 3 different well-known trend detection methods: RSI, Supertrend & EMA Cross into one simple method. The algorithm is fully customizable and all styling options are adjustable for the user's liking.

    스냅샷

    ⚙️SETTINGS

    1. General Configuration

    Detection Length -> This setting determines the amount of candlesticks the indicator will look for trend detection. Higher settings may help the indicator find longer trends, while lower settings will help with finding smaller trends.

    Smoothing -> Higher settings will result in longer periods of time required for trend to change direction from bullish to bearish and vice versa.

    EMA Lengths -> You can enter two EMA Lengths here, the second one must be longer than the first one. When the shorter one crosses under the longer one, this will be a bearish sign, and if it crosses above it will be a bullish sign for the indicator.

    Labels -> Enables / Disables trend strength labels.
릴리즈 노트
  • Added alerts functionality
ATRbuysellsignalcandlecoloringfluxchartsMoving AveragesRelative Strength Index (RSI)signalssupertrendTrend Analysistrendstrength

오픈 소스 스크립트

진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?


Get Access to Flux Charts indicators: fluxcharts.com/?via=tv

Free trade signals for stocks, crypto, forex, and futures: discord.gg/fluxcharts
또한 다음에서도:

면책사항