OPEN-SOURCE SCRIPT
已更新 [blackcat] L1 Tether Line

Level: 1
Background
Omega Research proposed Tether line in June 2000. I utilized it in fast-slow line form to follow trend.
Function
Due it can provides good support and resistance, using it as "moving average" fast-slow line form can provide very stable golden cross and dead cross signal.
You can adjust parameters to fit for your trading pair and use it and compare it with Supertrend indicator.
Key Signal
Tether_fast --> Tether Fast Line.
Tether_slow --> Tether Slow Line.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
Background
Omega Research proposed Tether line in June 2000. I utilized it in fast-slow line form to follow trend.
Function
Due it can provides good support and resistance, using it as "moving average" fast-slow line form can provide very stable golden cross and dead cross signal.
You can adjust parameters to fit for your trading pair and use it and compare it with Supertrend indicator.
Key Signal
Tether_fast --> Tether Fast Line.
Tether_slow --> Tether Slow Line.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
發行說明
OVERVIEWThe [blackcat] L1 Tether Line indicator is designed to help traders visualize potential support and resistance levels using two moving averages based on price extremes over specified periods. It calculates and plots both fast and slow tether lines, which can be used to identify trends and generate trading signals. The script also includes visual cues like labels and fill areas to enhance clarity, along with alert conditions for automated notifications. 📈🔍
FEATURES
Customizable Fast and Slow Lengths: Adjustable input parameters allow users to set their preferred lengths for calculating the fast and slow tether lines.
Dynamic Tether Lines: Plots two tether lines representing average high-low values over defined periods.
Visual Indicators:
Colored fill area between the fast and slow tether lines.
Labels indicating "BUY" and "SELL" signals based on line crossovers.
Alert Conditions: Automated alerts for long and short signals to notify traders of potential entry points.
HOW TO USE
Add the Script to Chart:
Copy the script and paste it into the Pine Editor on TradingView.
Save and add the indicator to your chart.
Adjust Parameters:
Modify the fast_length and slow_length inputs according to your trading strategy.
Interpret Signals:
Look for "BUY" labels when the fast tether line crosses above the slow tether line.
Look for "SELL" labels when the fast tether line crosses below the slow tether line.
Set Alerts (Optional):
Enable alerts in the indicator settings to receive notifications for long and short signals.
LIMITATIONS
The effectiveness of this indicator depends on market conditions and should be used alongside other analysis tools.
Customization options are limited to the fast and slow lengths; further adjustments may require modifying the script.
NOTES
The script uses the highest and lowest prices over the specified periods to calculate the tether lines.
The fill area between the tether lines changes color based on the relative positions of the fast and slow lines.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Avoid losing contact!Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq 防止失联,请立即行动,加入本猫聊天群: discord.com/invite/ZTGpQJq
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Avoid losing contact!Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq 防止失联,请立即行动,加入本猫聊天群: discord.com/invite/ZTGpQJq
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。