OPEN-SOURCE SCRIPT
Diupdate Monster Breakout Index
This is the coolest indicator I have ever made to date so far.
The Monster Breakout Index is a completely original idea that I came up with.
MBI is a breakout indicator with one parameter. MBI lives up to its name because of how robust the index is. It gives very little signals, which means that the signals that it does generate are very high quality.
How to Interpret:
Green - Buy
Red - Sell
Would you like to know how this indicator works?
Of course you do! Well here it is...(in steps):
1) Calculate the median price (hl2 price) of each bar over n periods (n is the parameter).
2) Is the current bar's close higher than the highest median? Yes = Buy signal , No = proceed to step 3
3) Is the current bar's close lower than the lowest median? Yes = Sell signal , No = No signal
Recommended setting: 12
If you found this indicator, good job because its a true force to reckon with, its what I would call.....a monster.
Good luck traders, and hit the like button!
The Monster Breakout Index is a completely original idea that I came up with.
MBI is a breakout indicator with one parameter. MBI lives up to its name because of how robust the index is. It gives very little signals, which means that the signals that it does generate are very high quality.
How to Interpret:
Green - Buy
Red - Sell
Would you like to know how this indicator works?
Of course you do! Well here it is...(in steps):
1) Calculate the median price (hl2 price) of each bar over n periods (n is the parameter).
2) Is the current bar's close higher than the highest median? Yes = Buy signal , No = proceed to step 3
3) Is the current bar's close lower than the lowest median? Yes = Sell signal , No = No signal
Recommended setting: 12
If you found this indicator, good job because its a true force to reckon with, its what I would call.....a monster.
Good luck traders, and hit the like button!
Catatan Rilis
Added short title "MBI" & renamed setting to "Period".Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.