OPEN-SOURCE SCRIPT

Daily SR - Locked Version

74
RiverSide Indicator - User Guide📊 What is RiverSide?RiverSide is a dynamic channel indicator that creates Upper and Lower bands around a Moving Average (MA). The bands automatically change color based on their position relative to the EMA 200, helping you identify market trends.🎯 Key Features1. Dynamic Bands

Upper Band = MA × (1 + Deviation %)
Lower Band = MA × (1 - Deviation %)
Bands expand and contract based on the MA value
2. Color-Coded Trend

🔵 Blue Lines = Bullish trend (MA above EMA 200)
🔴 Red Lines = Bearish trend (MA below EMA 200)
3. Customizable Settings

MA Period: Default 50 (adjustable)
MA Type: EMA, SMA, WMA, or RMA
Deviation: Default 0.14% (adjustable from 0.1% to 100%)
Applied Price: Close, Open, High, Low, HL2, HLC3, OHLC4

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.