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Simple Rejection Averages

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A simple tool used to visualize top and bottom-side rejection on candles, along with moving averages to clarify where the weight of rejection lies.
Sürüm Notları
Updated visualization to print a single column per candle, in the color of larger rejection.

At it's core, the greater of two wicks is being subtracted by the lesser, and a column is printed based on which of the two rejections was greater.
Sürüm Notları
Added MAs.
Sürüm Notları
Corrected MA coloring.
Sürüm Notları
Updated MAs to plot as circles, for better visual clarity.
Sürüm Notları
Updated to remove standard moving average; replaced with a sigma 3 st dev osc in magenta to better identify extreme rejection circumstances.
Sürüm Notları
Cleaned up code.

Circles are used to represent individual SRAs, defined in length by user input. A series of magenta circles above green indicate a trend of bearish rejection, and vice versa.

A magenta signal line has been included to identify where the sigma 3 extension is of the impartial SRA, considering both top and bottom-side rejection in absolute terms.

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.