OPEN-SOURCE SCRIPT
Güncellendi

Market Condition Detector

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This script allows to change the background color of the main chart to green or red depending on the following factors:

Based on the QQQ graph whatever ticker you are watching
- Price > EMA20 Da
- Net New Highs > 0
- 10EMA Da > 20 EMA Da

When you are trading Break-Out, EP or other similar trades you will need the market at your back to improve both the winrate and the risk reward ratio.
This is a very useful tool if you struggle with the FOMO biais. It will help you detect the trend at a glance.
Remember that the top best trader are waiting for their trade to work and only after getting some traction, and only then will they take the next trade.

I also proceeded to find a formula that make the indicator be the smoother possible with the less possible amount of noise.

/!\ This indicator is intended for use on daily charts . /!\
Sürüm Notları
- Inputs have been arranged and cleaned
- Now possible to modify reference ticker for calculation
Sürüm Notları
- Changed opacity from 70 to 85
- Changed the reference ticker from QQQ to SP:SPX for better historical results
Sürüm Notları
- Deleted drawings on the graph, woops

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.