High - Low Trend Tunnel

Meta Platforms, Inc.NASDAQ

Description

⋅ 12 sept. 2020 08:47

High - Low Trend Tunnel Experiment.

Using latest pinescript Array support!

Plotting Highest highs and Lowest lows for specific length (can be defined in settings).
The blue line is whom determinate the direction.
Blue line is the average of the highest highs and lowest lows smoothed by EMA.

Green - Up Trending.
Red - Down Trending.
Yellow - Squeeze, a reversal might be coming.

Any suggestions/comments are welcome as this is an experiment.

Notes de version

⋅ 22 sept. 2020 21:38

* Trend plot is now colored.
* Changed ATR default value from 17 to 14

Notes de version

⋅ 25 sept. 2020 08:13

Option to disable view of tunnel.
Added additional (optional) Arnaud Legoux Moving Average (ALMA) besides EMA.

Notes de version

⋅ 25 sept. 2020 08:16

Minor cleanup

Commentaires

mentalRock19315

⋅ 24 mars 2023 08:34

Very smart !

ericneon

⋅ 17 janv. 2021 10:57

wah~very nice and simple!

nilux

⋅ 12 sept. 2020 15:11

Nice one! Thanks for sharing :)

dman103

⋅ 12 sept. 2020 15:25

@nilux, Sure mate, glad you like it, it's pretty neat with the arrays available.

Plus