OPEN-SOURCE SCRIPT
Rabbit Hole

How deep is the Rabbit hole? Interesting experiment that finds the RISING HIGHS and FALLING LOWS and place the difference between the highs and lows into separate arrays.
== Calculations ==
In case current high is higher than previous high, we calculate the value by subtracting the current highest high with the previous High (lowest high) into array A,
same method for the lows just in Array B.
Since we subtract highs and lows it means velocity is taken into consideration with the plotting.
After adding a new value we remove the oldest value if the array is bigger than the Look back length. This is done for both lows and highs array.
Afterwards we sum up the lows and highs array (separately) and plot them separately, We can also smooth them a bit with Moving averages like HMA, JMA, KAMA and more.
== RULES ==
When High Lines crosses the Low Line we get a GREEN tunnel.
When Low Lines crosses the High line we get the RED tunnel.
The Greenish the stronger the up trend.
The Redish the stronger the downtrend.
== NOTES ==
Bars are not colored by default.
Better for higher time frames, 1 hour and above.
Enjoy and like if you like!
Follow up for new scripts: tradingview.com/u/dman103/
== Calculations ==
In case current high is higher than previous high, we calculate the value by subtracting the current highest high with the previous High (lowest high) into array A,
same method for the lows just in Array B.
Since we subtract highs and lows it means velocity is taken into consideration with the plotting.
After adding a new value we remove the oldest value if the array is bigger than the Look back length. This is done for both lows and highs array.
Afterwards we sum up the lows and highs array (separately) and plot them separately, We can also smooth them a bit with Moving averages like HMA, JMA, KAMA and more.
== RULES ==
When High Lines crosses the Low Line we get a GREEN tunnel.
When Low Lines crosses the High line we get the RED tunnel.
The Greenish the stronger the up trend.
The Redish the stronger the downtrend.
== NOTES ==
Bars are not colored by default.
Better for higher time frames, 1 hour and above.
Enjoy and like if you like!
Follow up for new scripts: tradingview.com/u/dman103/
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。