PROTECTED SOURCE SCRIPT
Mis à jour LineBreak Exponential Moving Average
There are two types of charts. Timed and timeless ones.
The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.
Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.
Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.
To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.
The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.
Tread lightly, for this is line-broken ground.
The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.
Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.
Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.
To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.
The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.
Tread lightly, for this is line-broken ground.
Notes de version
Minor consistency fixes.Notes de version
Fixes in lower timeframes.Notes de version
Changes in EMA calculation method.Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.