OPEN-SOURCE SCRIPT
Hyiten-Swing
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Hyiten-Swing Indicator Description
The Hyiten-Swing indicator is a comprehensive tool designed to assist traders in identifying market trends, price momentum, and potential buy/sell signals. It combines multiple moving averages, oscillators, and directional indicators to provide a holistic view of the market.
Key Features:
1. Trend Channel:
- Displays parallel lines (`Trend Channel Top` and `Trend Channel Bottom`) representing key price levels.
- The channel dynamically adjusts based on market trends and changes color to indicate upward or downward momentum.
2. Moving Averages:
- Includes a variety of SMA (Simple Moving Averages) and EMA (Exponential Moving Averages) for different timeframes:
- Short-term: Shortest, Very Short, Short MA.
- Medium-term: Medium MA.
- Long-term: Long, Very Long, Longest MA.
- The `Shortest MA` and `Very Short MA` are hidden by default but can be enabled for finer analysis.
3. Stochastic Oscillator:
- Uses %K and %D lines to identify overbought and oversold conditions.
- Triggers buy signals when %K crosses above %D in an oversold region.
- Triggers sell signals when %K crosses below %D in an overbought region.
4. ADX and DMI:
- The Average Directional Index (ADX) measures trend strength.
- The Directional Movement Index (DMI) calculates `+DI` and `-DI` to identify bullish or bearish trends.
- Only generates buy/sell signals when ADX confirms a strong trend and volume exceeds the threshold.
5. Cloud and Cross Signals:
- Optional `Tenkan-Sen`, `Kinjun-Sen`, and `Chinkou Span` for Ichimoku-based trend analysis.
- Supports dynamic cloud plotting and visualizes bullish/bearish crossovers between `Tenkan-Sen` and `Kinjun-Sen`.
6. Volume-Based Filtering:
- Ensures buy/sell signals are only generated during significant market activity.
7. Alerts:
- Configurable alerts for buy/sell signals based on crossover events, trend confirmations, and volume conditions.
How to Use:
1. Trend Analysis:
- Observe the `Trend Channel` for direction and strength of the price movement.
- Look for the color change in the channel to identify shifts in trend.
2. Entry and Exit Points:
- Use the stochastic oscillator and EMA crossovers for buy/sell signals.
- Confirm signals using ADX and volume thresholds for higher reliability.
3. Customizations:
- Hide or display specific moving averages depending on your strategy.
- Adjust timeframes and thresholds for moving averages, oscillators, and ADX to match your trading preferences.
The Hyiten-Swing indicator is highly versatile and can be tailored to suit various trading styles, making it a valuable addition to any trader’s toolkit.
The Hyiten-Swing indicator is a comprehensive tool designed to assist traders in identifying market trends, price momentum, and potential buy/sell signals. It combines multiple moving averages, oscillators, and directional indicators to provide a holistic view of the market.
Key Features:
1. Trend Channel:
- Displays parallel lines (`Trend Channel Top` and `Trend Channel Bottom`) representing key price levels.
- The channel dynamically adjusts based on market trends and changes color to indicate upward or downward momentum.
2. Moving Averages:
- Includes a variety of SMA (Simple Moving Averages) and EMA (Exponential Moving Averages) for different timeframes:
- Short-term: Shortest, Very Short, Short MA.
- Medium-term: Medium MA.
- Long-term: Long, Very Long, Longest MA.
- The `Shortest MA` and `Very Short MA` are hidden by default but can be enabled for finer analysis.
3. Stochastic Oscillator:
- Uses %K and %D lines to identify overbought and oversold conditions.
- Triggers buy signals when %K crosses above %D in an oversold region.
- Triggers sell signals when %K crosses below %D in an overbought region.
4. ADX and DMI:
- The Average Directional Index (ADX) measures trend strength.
- The Directional Movement Index (DMI) calculates `+DI` and `-DI` to identify bullish or bearish trends.
- Only generates buy/sell signals when ADX confirms a strong trend and volume exceeds the threshold.
5. Cloud and Cross Signals:
- Optional `Tenkan-Sen`, `Kinjun-Sen`, and `Chinkou Span` for Ichimoku-based trend analysis.
- Supports dynamic cloud plotting and visualizes bullish/bearish crossovers between `Tenkan-Sen` and `Kinjun-Sen`.
6. Volume-Based Filtering:
- Ensures buy/sell signals are only generated during significant market activity.
7. Alerts:
- Configurable alerts for buy/sell signals based on crossover events, trend confirmations, and volume conditions.
How to Use:
1. Trend Analysis:
- Observe the `Trend Channel` for direction and strength of the price movement.
- Look for the color change in the channel to identify shifts in trend.
2. Entry and Exit Points:
- Use the stochastic oscillator and EMA crossovers for buy/sell signals.
- Confirm signals using ADX and volume thresholds for higher reliability.
3. Customizations:
- Hide or display specific moving averages depending on your strategy.
- Adjust timeframes and thresholds for moving averages, oscillators, and ADX to match your trading preferences.
The Hyiten-Swing indicator is highly versatile and can be tailored to suit various trading styles, making it a valuable addition to any trader’s toolkit.
Notes de version
Fixed the Market Trend Channel not showing up properly, defaulting the display of all the other indicators on the chart to disabledNotes de version
Fixed the Market Trend Channel not showing up properly, defaulting the display of all the other indicators on the chart to disabledNotes de version
Update:The newly integrated market cycle approximation feature provides traders with a visual and textual representation of the asset’s current market phase. Instead of abstract numeric values, it now displays descriptive terms such as "Accumulation," "Markup," "Distribution," or "Markdown" directly on the chart, accompanied by distinct background colors. This enhancement transforms raw indicators into more intuitive, context-driven insights.
Market Phase Identification:
Using criteria based on trend direction, momentum, and volume, the script classifies the market environment into one of four broad phases:
- Accumulation: Price is lingering near long-term averages with lower volatility and volume, often signifying early-stage buying following a downtrend.
- Markup: Price and momentum are rising above long-term averages, typically indicating a bullish trend or a growth period.
- Distribution: Although prices remain elevated, momentum slows and volume spikes may indicate that major holders are selling (distributing) their positions at higher levels.
- Markdown: Price moves below long-term averages without signs of accumulation, often signaling a downward or bearish phase.
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.
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