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Trend and Time Consensus
Güncellendi
Time is a factor in technical analysis that's often neglected. In my opinion, using price action alone only indicates half of the overall story for a particular market. Price can be manipulated but time cannot. If you think about the moments when price has crashed or spiked up randomly, how long did it take before you were comfortable to get back in? It's normally an intuitive decision but it's always after a certain amount of time before we forget about the past and look towards the future.
The Trend and Time Consensus indicator was created to try and capture this sentiment.
There are two plots for this indicator:
Blue/Purple circle plots: Combines the consensus from multiple timeframes to compare to the yellow plot
Yellow plot: The current timeframe's price action
Blue/Purple background: Blue = bullish trend, Purple = bearish trend
This indicator is insensitive to price movement. What it cares about is the candle by candle comparison. If the current candle's movement is deemed to be stronger than the previous candle, the circle plot will print a blue colour and a top count. If the it's weaker then it'll print a purple colour and a bottom count. Figuring out if price has bottomed or topped is the holy grail of trading as it gives the trader the best position for the maximum gain/minimum loss. By utilizing the candle by candle comparison methodology, there are often times when we can save ourselves from being too early into a trend or by confirming that a price movement is indeed a real push with ample momentum.
Using this alone is meaningless but together with other forms of analysis and momentum indicators, it helps tremendously with confluence.
The Trend and Time Consensus indicator was created to try and capture this sentiment.
There are two plots for this indicator:
Blue/Purple circle plots: Combines the consensus from multiple timeframes to compare to the yellow plot
Yellow plot: The current timeframe's price action
Blue/Purple background: Blue = bullish trend, Purple = bearish trend
This indicator is insensitive to price movement. What it cares about is the candle by candle comparison. If the current candle's movement is deemed to be stronger than the previous candle, the circle plot will print a blue colour and a top count. If the it's weaker then it'll print a purple colour and a bottom count. Figuring out if price has bottomed or topped is the holy grail of trading as it gives the trader the best position for the maximum gain/minimum loss. By utilizing the candle by candle comparison methodology, there are often times when we can save ourselves from being too early into a trend or by confirming that a price movement is indeed a real push with ample momentum.
Using this alone is meaningless but together with other forms of analysis and momentum indicators, it helps tremendously with confluence.
Sürüm Notları
Added option to remove countYalnızca davetli komut dosyası
Bu komut dosyasına erişim, yazar tarafından yetkilendirilen kullanıcılarla sınırlıdır ve genellikle ödeme gerektirir. Sık kullanılanlarınıza ekleyebilirsiniz, ancak bunu yalnızca izin talep edip yazarından bu izni aldıktan sonra kullanabileceksiniz. Daha fazla bilgi için TheTimeCount ile iletişime geçin veya yazarın aşağıdaki talimatlarını izleyin.
TradingView, yazarına %100 güvenmediğiniz ve komut dosyasının nasıl çalıştığını anlamadığınız sürece bir komut dosyası için ödeme yapmanızı ve onu kullanmanızı önermez. Çoğu durumda, Topluluk Komut Dosyaları bölümümüzde ücretsiz olarak iyi bir açık kaynak alternatifi bulabilirsiniz.
Bu komut dosyasını bir grafikte kullanmak ister misiniz?
Uyarı: Erişim talebinde bulunmadan önce lütfen okuyun.
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.