OPEN-SOURCE SCRIPT
1 Indicator to rule them all
Mis à jour
The best combination indicator consisting of 4 SMA's, 4 EMA's, Donchian Channels, Parabolic SAR, Bollinger Bands, Ichimoku Cloud, a trend strength highlight for the bollinger bands background according to the ADX, labels on the chart to draw in when the Directional Index plus and minus cross, and a background highlight for low and high volatility according to the Historical Volatility Percentile.
The Indicators and placed and group intentionally, with the SMA and EMA's next to the Donchian Channels to draw in areas of support and resistance, with the parabolic SAR afterwards for confirmation on entries and exits.
Next are the Bollinger Bands and the Ichimoku cloud, which when used in combination by an experienced trader allows one to see the trend and spot any developing opportunities at a glance. These can be used in combination with the ADX background in the bolls to point out when trends start and end.
The Directional Indexes crossing implies a equilibrium point has been reached between the buy and selling pressure. Finally the background highlight according to low and high periods of volatility does well to ensure you're entering into the best trades at the best times.
These indicators used together in combo with momentum oscillators will lead to a full and complete picture of the trend and the most likely places for future price to come, allowing a holistic view and confluence between different, noncollinear indicators to paint occam's razor onto the charts.
The Indicators and placed and group intentionally, with the SMA and EMA's next to the Donchian Channels to draw in areas of support and resistance, with the parabolic SAR afterwards for confirmation on entries and exits.
Next are the Bollinger Bands and the Ichimoku cloud, which when used in combination by an experienced trader allows one to see the trend and spot any developing opportunities at a glance. These can be used in combination with the ADX background in the bolls to point out when trends start and end.
The Directional Indexes crossing implies a equilibrium point has been reached between the buy and selling pressure. Finally the background highlight according to low and high periods of volatility does well to ensure you're entering into the best trades at the best times.
These indicators used together in combo with momentum oscillators will lead to a full and complete picture of the trend and the most likely places for future price to come, allowing a holistic view and confluence between different, noncollinear indicators to paint occam's razor onto the charts.
Notes de version
v2 quick patch for DI cross label toggle not workingNotes de version
HVP Background changed to a gradient to better show the change in volatility over timeNotes de version
Added different colors for when Bollinger bands are expanding vs contracting. Removed functionality of individually colored upper and lower bands.Notes de version
Added another bollinger band to more easily allow the use of dual bollinger band strategiesNotes de version
Little bug fixNotes de version
Bug fixesScript 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.
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