LeMogwai

GRIB Trendline

GRIB Trendline show the distance betwen the price and the SAR with the GRIB settings in percentage. It highlight the elasticity of the wave. It's designed to be used with trendlines to spot the bottoms and the tops.
More explanation here :
and here :

note : do not use "selldot" and "buydot", i was testing something and gave up about the idea
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte 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 les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?
study(title="GRIB Trendline", shorttitle="GRIB Trend")
source = close
start = input(0.057)
increment = input(0.005)
maximum = input(2)
out = sar(start, increment, maximum)
price = ((high+low)/2)
plot(price<out?-((out-low)/price)*100:((high-out)/price)*100, style=line, transp=70, color=white,linewidth=2)

Commentaires

This is what happens if you connect the SAR "buy dots" with each other in a weekly Bitcoin chart (with and without the actual Bitcoin price):



+1 Répondre
So we had the sell dot (red) and are currently waiting for the buy dot (green)?
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LeMogwai Asterix
The indicator published is GridTrend, you re talking about selldot/buydot they are just signal. check out this explanation :
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ChartArt LeMogwai
Thanks for your indicator and explanation how to read it. Looks useful. I will test it.
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