OPEN-SOURCE SCRIPT

Range Force Impulse

Diupdate
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.

The indicator consists of the following:

  • [Range] Direction - True Range and Average True Range columns shown above and below 0 depending on direction of the period's price
    -- TR (gray) shows the current period's trading volatility
    -- ATR (Impulse colors, see below) shows an EMA of TR over a specified length
    -- Can be used to determine stops and targets (Example: Stop loss at prev close - ATR, Target at 2x ATR)
  • [Force] Index - Alexander Elder's EMA of (change(close) * volume), shows crosses above 0 (green) and below 0 (red), and intermediate signals
    -- Shows bull vs. bear interest/commitment/dominance
    -- Elder recommends EMA length of 2 for daily chart buy/sell signals, and 13 for weekly chart bull/bear dominance & trend direction signals
    -- Intermediate signals are shown above 0 when falling (salmon), or below 0 when rising (pale yellow)
  • [Impulse] System - Range columns are colored using Alexander Elder's censorship system (green: do not short, red: do not long, blue: is up to you)
    -- Shows overall trend health (Macd histogram and EMA up/down changes)
Catatan Rilis
Bullets in description should have been:

* Range Direction
* Force Index
* Impulse System
Catatan Rilis
.
allinoneATRAverage True Range (ATR)commitmentelderforceindeximpulseMoving Average Convergence / Divergence (MACD)trendVolume Indicator

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

Inggin menggunakan skrip ini pada chart?

Pernyataan Penyangkalan