OPEN-SOURCE SCRIPT
Price Outpaces Moving Average
With inputs for the moving average, Bullish overshoot percentage, and bearish overshoot percentage, this indicator is attempting to show market tops based on the difference between the current price of an asset and how far away it is from its moving average.
If you have the bullish overshoot percentage set to 1.5:
let's say price is currently at 20,000 and the moving average is around 6500.
The script calculates 20,000/6500 = 3.07
Then, there is a boolean comparison asking if 3.07 > 1.5.
Since it is, the script will create a "SHORT" flag above that candlestick.
A similar process happens for the "LONG" flags.
If you have the bullish overshoot percentage set to 1.5:
let's say price is currently at 20,000 and the moving average is around 6500.
The script calculates 20,000/6500 = 3.07
Then, there is a boolean comparison asking if 3.07 > 1.5.
Since it is, the script will create a "SHORT" flag above that candlestick.
A similar process happens for the "LONG" flags.
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 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.