OPEN-SOURCE SCRIPT
Trend Intensity Index With SignalLine
Güncellendi
Hi guys,
This is my first public script on TV. I was just messing about with some simple ideas and I noticed that the difference between a signalLine and the TrendIntensity line was (potentially and theoretically) a good way of spotting a ranging market.
I was initially just going to release Evergets version of this with a histogram and a signal-line, but I decided I'd much rather put in the work and code it from scratch so I could practice my coding.
I am still relatively new to Pinescript, but I have compared this to Evergets version, and on the same settings it is 1 to 1.
How to use:
When TrendIntensity(aqua) is above SignalMa (maroon), it implies a bullish sentiment.
When SignalMa is above TrendIntensity, it implies a bearish sentiment.
The histogram is simply the absolute difference between the two. Green = bullish, Red = bearish, flat = potentially ranging.
Enjoy guys.
I would like to thank Everget for his Jurik moving average.
Feedback welcome, but be kind... this is free and open for you all to use as you please.
This is my first public script on TV. I was just messing about with some simple ideas and I noticed that the difference between a signalLine and the TrendIntensity line was (potentially and theoretically) a good way of spotting a ranging market.
I was initially just going to release Evergets version of this with a histogram and a signal-line, but I decided I'd much rather put in the work and code it from scratch so I could practice my coding.
I am still relatively new to Pinescript, but I have compared this to Evergets version, and on the same settings it is 1 to 1.
How to use:
When TrendIntensity(aqua) is above SignalMa (maroon), it implies a bullish sentiment.
When SignalMa is above TrendIntensity, it implies a bearish sentiment.
The histogram is simply the absolute difference between the two. Green = bullish, Red = bearish, flat = potentially ranging.
Enjoy guys.
I would like to thank Everget for his Jurik moving average.
Feedback welcome, but be kind... this is free and open for you all to use as you please.
Sürüm Notları
*Indicator developed by M.H Pee. Many thanks to him.Sürüm Notları
*added minor length as well for additional customisationSürüm Notları
*Just wanted to change the pic on the front so other indicators were not in ;)Sürüm Notları
*Fixed confusing Histo colours.. was occasionally red when there was a strong uptrend, or green when there was a strong downtrend. This is because both lines hug the top or bottom when this happens, and the question of the TII being above or below the SignalLine in this case becomes unimportant.Sürüm Notları
*Got rid of minor length, as I find it better without it personally. Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının yazarı komut dosyasını açık kaynak olarak yayınlamıştır, böylece yatırımcılar betiği anlayabilir ve doğrulayabilir. Yazar çok yaşa! Ücretsiz olarak kullanabilirsiniz, ancak bu kodun yayında yeniden kullanımı Ev kurallarına tabidir. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
Bu komut dosyasını bir grafikte kullanmak ister misiniz?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.