The provided Pine Script code appears to be a custom technical indicator for trading purposes. It defines several technical indicators like RSI, ADX, MACD, EMA, and ATR, and displays them in a table format along with their corresponding trend or market condition. Additionally, it plots various EMAs on the chart and generates alerts for EMA crossovers.
Here's a breakdown of the script functionalities:
Inputs:
Defines various input parameters for customizing the indicators (lengths, smoothing periods, etc.) Options to control breakouts, volume thresholds, and pivot points for support and resistance levels. Calculations:
Calculates various technical indicators based on user-defined parameters. Analyzes price movements and volume to determine market conditions (trending or consolidating). Identifies potential breakouts based on price crossing support/resistance levels and volume. Outputs:
Displays a table with indicator values, trend direction, and market condition with color-coded backgrounds for better visualization. Plots short, long, fast, and slow EMAs on the chart. Generates alerts for bullish/bearish crossovers between fast and slow EMAs. Plots shapes and labels to indicate potential breakouts and wick formations. Triggers alerts for support and resistance breakouts with sufficient volume. Overall, this script aims to provide traders with a comprehensive view of various technical analysis indicators and potential trading signals based on price, volume, and momentum.
Disclaimer: I am unable to provide financial advice. This script is for educational purposes only, and its trading signals should not be considered financial recommendations.
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.