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Sentinels

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Sentinels is a playful variation on combining different mean averages (MA).
A cross of 2 user-defined MA's (MA 1 & MA 2) initiates the drawing of a sentinel with tentacles, which, on its turn can provide potential support/resistance or entry/stop-loss/take profit zones.

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The type of each MA (MA 1, MA 2 and tentacles) can be chosen from following options:
  • SMA
  • EMA
  • SMMA (RMA)
  • HullMA
  • WMA
  • VWMA
  • DEMA
  • TEMA


🔹 Examples

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Fast & slow MA: HullMA, Tentacles: TEMA

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Fast & slow MA: SMA, Tentacles: WMA

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Fast & slow MA: WMA, Tentacles: WMA

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Fast & slow MA: TEMA, Tentacles: TEMA


🔶 DETAILS

🔹 Head-Body

The head-body is formed by:
  • the slow MA when there is a crossunder.
  • the fast MA when there is a crossover.

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The color of the head-body is a gradient which can be set. The color of the tentacles (non-gradient) can be set as well.

The head-body of the sentinel will be visible for maximum 60 bars after a cross has occured.

🔹 Tentacles

The length of the 'Tentacles' is calculated by taking the difference between the length of MA 1 and MA 2 , and dividing this by 6 -> diff.
The length of each tentacle is MA 1 + a multiple of diff.

The tentacles will only begin to show from 2 bars after a cross.

Each tentacle will be shown maximum x bars after the cross:
Tentacle 1: 15 bars
Tentacle 2: 20 bars
Tentacle 3: 25 bars
Tentacle 4: 30 bars
Tentacle 5: 35 bars
Tentacle 6: 40 bars

🔹 Switch lengths

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By switching lengths the colors get switched too.
Note that the tentacles act differently though.
In that way, this can be an extra option to visualize the tentacles.


🔶 Happy Holidays

Merry Christmas and a Happy New Year!

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.