OPEN-SOURCE SCRIPT
Trend Gaussian Channels [DeltaAlgo]
This Script Introduces The Use Of The Gaussian Channel Concepts[\b]
This indicator consists of three lines: a central line that represents the moving average, and an upper and lower band that represent the volatility of the price movements.
The Gaussian channels is a concept consists of an upper & lower bands along with the basis; the mid band. The use of the Gaussian bands are simple, as described below.👇
Use Case:
There are many ways the Gaussian channel indicator can be used!
1. Look for the price to touch or cross the upper/lower bands of the Gaussian Channel Indicator. This indicates that the price has reached an high level of volatility. a reversal or correction may be imminent.
2. Wait for confirmation of the potential reversal or correction. This can be in the form of a bearish or bullish candlestick pattern, or a signal from another technical indicator.
a. For this reason I have implemented some signals that indicate trend shifts & candle colors to clearly display the switching between a bullish sentiment or bearish.
3. Enter a trade in the direction of the reversal or correction. For example, if the price touches the upper band and a bearish candlestick pattern occurs or if you get a bearish signal, enter a short trade. If the price touches the lower band and indicates bullish candlestick pattern or bullish signal, enter a long trade.
Sometimes this band can act as a support & resistance, THIS is not always the case as it is not meant to be used as support & resistance.
This indicator consists of three lines: a central line that represents the moving average, and an upper and lower band that represent the volatility of the price movements.
The Gaussian channels is a concept consists of an upper & lower bands along with the basis; the mid band. The use of the Gaussian bands are simple, as described below.👇
Use Case:
There are many ways the Gaussian channel indicator can be used!
1. Look for the price to touch or cross the upper/lower bands of the Gaussian Channel Indicator. This indicates that the price has reached an high level of volatility. a reversal or correction may be imminent.
2. Wait for confirmation of the potential reversal or correction. This can be in the form of a bearish or bullish candlestick pattern, or a signal from another technical indicator.
a. For this reason I have implemented some signals that indicate trend shifts & candle colors to clearly display the switching between a bullish sentiment or bearish.
3. Enter a trade in the direction of the reversal or correction. For example, if the price touches the upper band and a bearish candlestick pattern occurs or if you get a bearish signal, enter a short trade. If the price touches the lower band and indicates bullish candlestick pattern or bullish signal, enter a long trade.
Sometimes this band can act as a support & resistance, THIS is not always the case as it is not meant to be used as support & resistance.
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.