UCS_Top & Bottom Candle
13281 görüntülenme
This is an experimental Indicator based on Momentum. Picks the Top & Bottom Candle for most Swing. Please post your opinion or suggestion to improve this indicator.
I have not back tested this completely. This is recently developed Indicator.
I have not back tested this completely. This is recently developed Indicator.
Feb 12
Yorum:
Feb 12
Yorum:
Feb 12
Yorum:
//Short Term Top and Bottom Candle Identifier
//Code by UCSgears
study("UCS_Top & Bottom Candle", shorttitle = "UCS_T&B", overlay=false)
a = input(5, "Percent K Length")
b = input(3, "Percent D Length")
// Range Calculation
ll = lowest (low, a)
hh = highest (high, a)
diff = hh - ll
rdiff = close - (hh+ll)/2
// Nested Moving Average for smoother curves
avgrel = ema(ema(rdiff,b),b)
avgdiff = ema(ema(diff,b),b)
// Momentum
mom = ((close - close[b])/close[b])*1000
// SMI calculations
SMI = avgdiff != 0 ? (avgrel/(avgdiff/2)*100) : 0
SMIsignal = ema(SMI,b)
//All PLOTS
plot(mom, title = "Momentum", style = columns, color = yellow)
plot(SMI, title = "Stochastic Momentum Index")
plot(SMIsignal, color= red, title = "SMI Signal Line")
H1 = hline(40, color = red, title = "Over Bought")
H2 = hline(-40, color = green, title = "Over Sold")
H0 = hline(0, color = blue, title = "Zero Line")
fill(H0,H2, color = green, title = "Oversold")
fill(H0,H1, color = red, title = "Overbought")
//END
// Strategy Signals
// Buy Setup
long = SMI < -35 and mom > 0 and mom[1] < 0 ? lime : na
barcolor(long)
// Short Setup
short = SMI > 35 and mom < 0 and mom[1] > 0 ? red : na
barcolor(short)Benzer Fikirler
Hey can't find the indicator anymore? Only the "overlay" version which is nothing like the original.... :(
Cevap Gönder
@Sauljoffe, The only way I can get it to work is by copy/pasting the code into my script box...
Cevap Gönder
Thanks for this. Been using it for the last while. Its very accurate. Just mix in 5,8,13 MA's and its an animal
Cevap Gönder
Hej man,
Just want to drop a big thank you for this awesome tool!
Stumbled upon it just a couple of days ago and it's the best thing that happened to me :)
Just want to drop a big thank you for this awesome tool!
Stumbled upon it just a couple of days ago and it's the best thing that happened to me :)
Cevap Gönder
