OPEN-SOURCE SCRIPT
Bull Run Indicator with EMA Crossover
Features:
High Volume: Volume is significantly higher than the 20-bar average, using a customizable multiplier (volumeThreshold).
Breaking Resistance: A buy signal is triggered when the price closes above the highest high over a specified lookback period (srLookback).
Breaking Support: A sell signal is triggered when the price closes below the lowest low over the same lookback period.
Signals:
Buy Signal: High volume and breaking resistance.
Sell Signal: High volume and breaking support.
Visualization:
Buy and Sell signals are shown as labels on the chart.
Support and Resistance levels are displayed as dashed lines for context.
You can adjust the lookback period (srLookback) and volume sensitivity (volumeThreshold) as needed. Let me know if you need further enhancements!
High Volume: Volume is significantly higher than the 20-bar average, using a customizable multiplier (volumeThreshold).
Breaking Resistance: A buy signal is triggered when the price closes above the highest high over a specified lookback period (srLookback).
Breaking Support: A sell signal is triggered when the price closes below the lowest low over the same lookback period.
Signals:
Buy Signal: High volume and breaking resistance.
Sell Signal: High volume and breaking support.
Visualization:
Buy and Sell signals are shown as labels on the chart.
Support and Resistance levels are displayed as dashed lines for context.
You can adjust the lookback period (srLookback) and volume sensitivity (volumeThreshold) as needed. Let me know if you need further enhancements!
Skrip open-source
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