OPEN-SOURCE SCRIPT
Balanced/Unbalanced Market
When market chooses to go uptrend or downtrend, the equilibrium between buyers and sellers vanishes and the trend with the different qualifications forms. The number of balanced and unbalanced periods of a trend can relate to it's weakness/strength.
Using indicators like ichimoku can initially help us to simply understand these concept.
So simply:
1- When Kj (Kijunsen=Ichimoku baseline) become flat, it shows the equilibrium between buyers and sellers. In line 13 of the script code, we can see the condition for this. In this case, better to use Kj=52 as it's closer to the concept of equilibrium market and contains more flat periods.
Also we can use Kj[0]==Kj[1] and Kj[KP]==Kj[KP+1] instead, to filter the balanced bars more.
2- When Kj stand higher or lower than it's previous value, it can be used as determiner for bullishness and bearishness of the market. In lines 16,19 of the script code, we can see the conditions for this. In this case, better to use Kj=26 as it's closer to the concept of trend market.
Using indicators like ichimoku can initially help us to simply understand these concept.
So simply:
1- When Kj (Kijunsen=Ichimoku baseline) become flat, it shows the equilibrium between buyers and sellers. In line 13 of the script code, we can see the condition for this. In this case, better to use Kj=52 as it's closer to the concept of equilibrium market and contains more flat periods.
Also we can use Kj[0]==Kj[1] and Kj[KP]==Kj[KP+1] instead, to filter the balanced bars more.
2- When Kj stand higher or lower than it's previous value, it can be used as determiner for bullishness and bearishness of the market. In lines 16,19 of the script code, we can see the conditions for this. In this case, better to use Kj=26 as it's closer to the concept of trend market.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.