OPEN-SOURCE SCRIPT
Diupdate Band Based Trend Filter
Similar to RelativeBandwidthFilter, this script is also a simple trend filter which can be used to define your trading zone.
🎲 Concept
On contrary to reversal mindset, we define trend when price hits either side of the band. If close price hits upper band then it is considered as bullish and if close price hits lower band, then it is considered bearish. Further, trend strength is measured in terms of how many times the price hits one side of the band without hitting other side. Hit is counted only if price has touched middle line in between the touches. This way price walks on the bands are considered as just one hit.
🎲 Settings
Settings are minimal and details can be found in the tooltips against each parameters
🎲 Usage
This can be used with your own strategy to filter your trading/non-trading zones based on trend . Script plots a variable called "Trend" - which is not shown on chart pane. But, it is available in the data window. This can be used in another script as external input and apply logic.
Trend values can be
1 : Allow only Long
-1 : Allow only short
0 : Do not allow any trades
🎲 Concept
On contrary to reversal mindset, we define trend when price hits either side of the band. If close price hits upper band then it is considered as bullish and if close price hits lower band, then it is considered bearish. Further, trend strength is measured in terms of how many times the price hits one side of the band without hitting other side. Hit is counted only if price has touched middle line in between the touches. This way price walks on the bands are considered as just one hit.
🎲 Settings
Settings are minimal and details can be found in the tooltips against each parameters
🎲 Usage
This can be used with your own strategy to filter your trading/non-trading zones based on trend . Script plots a variable called "Trend" - which is not shown on chart pane. But, it is available in the data window. This can be used in another script as external input and apply logic.
Trend values can be
1 : Allow only Long
-1 : Allow only short
0 : Do not allow any trades
Catatan Rilis
Added timeframe option to allow HTF based calculations.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.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
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.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
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.