OPEN-SOURCE SCRIPT
ADVN-DECL
Advancing - Declining issues indicator which you can use for Bitcoin trading if you, like me, believe that cryptocurrency is highly correlated with the activity on the stock exchanges (yes, the PROs are here, we just didn't know it yet)
This indicator is based on showing the data, as much as possible, as it is, and not messing it up by calculating stuff. Calculation should be used to better understand what the data represents, and not to show beatiful things which are, in fact, not present.
You could, for example, take ADVN and DECL, calculate rma() moving averages and make a RSI out of it. The result is very interesting when applied on the daily time frame, but not as useful for trading.
By the way, I recommend enabling this option:
Right click - Settings - Timezones / Sessions
Please check "Extended hours (Intraday Only)"
I could do it in code with the ticker() function, but I'm under the impression that then, free TV users would not be able to use the indicator.
This indicator is based on showing the data, as much as possible, as it is, and not messing it up by calculating stuff. Calculation should be used to better understand what the data represents, and not to show beatiful things which are, in fact, not present.
You could, for example, take ADVN and DECL, calculate rma() moving averages and make a RSI out of it. The result is very interesting when applied on the daily time frame, but not as useful for trading.
By the way, I recommend enabling this option:
Right click - Settings - Timezones / Sessions
Please check "Extended hours (Intraday Only)"
I could do it in code with the ticker() function, but I'm under the impression that then, free TV users would not be able to use the indicator.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
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