OPEN-SOURCE SCRIPT
FTX Index Advance Decline Line
As of publishing, all the tickers from FTX with the word "index" in it, plus bitcoin.
This is your regular ADL except instead of hundreds in the basket you've got them condensed into 7 (for now) and in open/close candle form instead of a line.
I'm a bit disappointed because I thought I'd lever more utility from indexes. It may just need some tweaking.
Doesn't it look like Renko?
Some notes:
Reason why it expands:
Total number of constituents is a static 7, to fix that use time to change the total variable based on dates of introduction.
Reallly looks like Renko:
Renko with ATR, length 14, hourly chart.
This is your regular ADL except instead of hundreds in the basket you've got them condensed into 7 (for now) and in open/close candle form instead of a line.
I'm a bit disappointed because I thought I'd lever more utility from indexes. It may just need some tweaking.
Doesn't it look like Renko?
Some notes:
Reason why it expands:
Total number of constituents is a static 7, to fix that use time to change the total variable based on dates of introduction.
Reallly looks like Renko:
Renko with ATR, length 14, hourly chart.
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 ?
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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