Price movement indicator

This indicator shows us if the price is moving up or down based on the ratio of current price vs previous bar.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.

HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.

Markets:
It can be used to all markets.

Catatan Rilis

[* Potential LONG and SHORt entries (green and red circles)]
[* Signal line (blue)]

Catatan Rilis

- Potential SHORT and LONG entries
SHORT = red circle
LONG = green circle
- Signal line (blue)

Catatan Rilis

Removed unnecessary plots and variables.

Catatan Rilis

HMA added to bring more smoothness

Catatan Rilis

HMA Offset added

Catatan Rilis

Entry points are clear now.
Green - LONG
Red - SHORT

Catatan Rilis

Added SMA length for pricecomparison n-bars back
EMA set to 100
Offset set to 25

Catatan Rilis

Minor bug fixed

Catatan Rilis

Chart error fixed

Skrip open-source

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

Wilson-IV

Pernyataan Penyangkalan

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Skrip open-source

Wilson-IV