OPEN-SOURCE SCRIPT
Güncellendi Median Proximity Percentile [AlgoAlpha]

📊🚀 Introducing the "Median Proximity Percentile" by AlgoAlpha, a dynamic and sophisticated trading indicator designed to enhance your market analysis! This tool efficiently tracks median price proximity over a specified lookback period and finds it's percentile between 2 dynamic standard deviation bands, offering valuable insights for traders looking to make informed decisions.
🌟 Key Features:
🔍 Deep Dive into the Code:
🚨 Remember, the "Median Proximity Percentile [AlgoAlpha]" is a tool to aid your analysis. It’s essential to combine it with other analysis techniques and market understanding for best results. Happy trading! 📈📉
🌟 Key Features:
- Color-Coded Visuals: Easily interpret market trends with color-coded plots indicating bullish or bearish signals.
- Flexibility: Customize the indicator with your preferred price source and lookback lengths to suit your trading strategy.
- Advanced Alert System: Stay ahead with customizable alerts for key trend shifts and market conditions.
🔍 Deep Dive into the Code:
- Choose your preferred price data source and define lookback lengths for median and EMA calculations. and
Pine Script® priceSource = input.source(close, "Source")Pine Script® lookbackLength = input.int(21, minval = 1, title = "Lookback Length") - Calculate median value, price deviation, and normalized value to analyze market position relative to the median.
Pine Script® medianValue = ta.median(priceSource, lookbackLength) - Determine upper and lower boundaries based on standard deviation and EMA.
Pine Script® upperBoundary = ta.ema(positiveValues, lookbackLength) + ta.stdev(positiveValues, lookbackLength) * stdDevMultiplier lowerBoundary = ta.ema(negativeValues, lookbackLength) - ta.stdev(negativeValues, lookbackLength) * stdDevMultiplier - Compute the percentile value to track market position within these boundaries.
Pine Script® percentileValue = 100 * (normalizedValue - lowerBoundary)/(upperBoundary - lowerBoundary) - 50 - Enhance your analysis with Hull Moving Average (HMA) for smoother trend identification.
Pine Script® emaValue = ta.hma(percentileValue, emaLookbackLength) - Visualize trends with color-coded plots and characters for easy interpretation.
Pine Script® plotColor = percentileValue > 0 ? colorUp : percentileValue < 0 ? colorDown : na - Set up advanced alerts to stay informed about significant market movements.
Pine Script® // Alerts alertcondition(ta.crossover(emaValue, 0), "Bullish Trend Shift", "Median Proximity Percentile Crossover Zero Line") alertcondition(ta.crossunder(emaValue, 0), "Bearish Trend Shift", "Median Proximity Percentile Crossunder Zero Line") alertcondition(ta.crossunder(emaValue,emaValue[1]) and emaValue[1] > 90, "Bearish Reversal", "Median Proximity Percentile Bearish Reversal") alertcondition(ta.crossunder(emaValue[1],emaValue) and emaValue[1] < -90, "Bullish Reversal", "Median Proximity Percentile Bullish Reversal")
🚨 Remember, the "Median Proximity Percentile [AlgoAlpha]" is a tool to aid your analysis. It’s essential to combine it with other analysis techniques and market understanding for best results. Happy trading! 📈📉
Sürüm Notları
Replaces "EMA" with "HMA" in the inputs.Sürüm Notları
Added Alerts for trend swingsAdded the option to turn on/off the noise scatterplot
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Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
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Code: ALPH4
🚨Get premium: algoalpha.io
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❓Do you have feedback or indicator ideas? Join our server to tell us about it!
Code: ALPH4
🚨Get premium: algoalpha.io
🛜Get FREE signals: discord.gg/xCmqTVRexz
❓Do you have feedback or indicator ideas? Join our server to tell us about it!
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.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
🔱Get 15% off the VIP Bundle!🔱(Ends soon!)
Code: ALPH4
🚨Get premium: algoalpha.io
🛜Get FREE signals: discord.gg/xCmqTVRexz
❓Do you have feedback or indicator ideas? Join our server to tell us about it!
Code: ALPH4
🚨Get premium: algoalpha.io
🛜Get FREE signals: discord.gg/xCmqTVRexz
❓Do you have feedback or indicator ideas? Join our server to tell us about it!
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.