OPEN-SOURCE SCRIPT
Price Cross Range Strength
Purpose:
This script shows when price is in a range or trending. When the green line rises above the threshold the price is trending. When the green line falls below the threshold it's ranging. You may try adjusting the lookback way far back to find more areas of resistance.
Logic:
It shows how many instances the current price has been crossed in the past measured bars. The logic is that any price area that has been crossed many times is a strong area where ranging occurs.
Ideas:
1. Can be used as a dynamic length to other moving averages.
This script shows when price is in a range or trending. When the green line rises above the threshold the price is trending. When the green line falls below the threshold it's ranging. You may try adjusting the lookback way far back to find more areas of resistance.
Logic:
It shows how many instances the current price has been crossed in the past measured bars. The logic is that any price area that has been crossed many times is a strong area where ranging occurs.
Ideas:
1. Can be used as a dynamic length to other moving averages.
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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