OPEN-SOURCE SCRIPT
已更新 Turtle Zone
Turtle Zone indicator helps to visually determine support and resistance zones of the price movement.
Displays a channel with zones located symmetrically around the moving average of the price.
Width of the channel is determined by the current volatility computed as average true range which makes the channel width adaptable to the volatility.
Touching of the zones from inside of the channel can be interpreted as a signal of potential reversal.
Breaking outside of the outer boundary of the zones can be interpreted as a signal of a potential continuation of price movement.
Parameters
• Price Source - Component of the bar for computation. Default is ‘hlc3’. Other reasonable values, such as ‘ohlc4’, ‘open’ or’ close’ can be used by advanced users.
• Lookback period - Amount of bars used in moving average computation. Default is 200.
• Inner Amplitude - Relative width of the inner channel. Default is 5.6.
• Outer Amplitude - Relative width of the outer channel. Default is 9.6.
Available plots for notifications
There are five plots on the graph comprising the channel: four boundaries of the channel bands and one hidden mean line of the channel:
Upper Zone Upper Line
Upper Zone Lower Line
Mean
Lower Zone Upper Line
Lower Zone Lower Line
All of the plots can be used to set up notifications.
Notes
All computations are performed in logarithmic price scale which makes this indicator useful on large timeframes.
Credits
This script uses Ehlers_Super_Smoother library by KevanoTrades
Displays a channel with zones located symmetrically around the moving average of the price.
Width of the channel is determined by the current volatility computed as average true range which makes the channel width adaptable to the volatility.
Touching of the zones from inside of the channel can be interpreted as a signal of potential reversal.
Breaking outside of the outer boundary of the zones can be interpreted as a signal of a potential continuation of price movement.
Parameters
• Price Source - Component of the bar for computation. Default is ‘hlc3’. Other reasonable values, such as ‘ohlc4’, ‘open’ or’ close’ can be used by advanced users.
• Lookback period - Amount of bars used in moving average computation. Default is 200.
• Inner Amplitude - Relative width of the inner channel. Default is 5.6.
• Outer Amplitude - Relative width of the outer channel. Default is 9.6.
Available plots for notifications
There are five plots on the graph comprising the channel: four boundaries of the channel bands and one hidden mean line of the channel:
Upper Zone Upper Line
Upper Zone Lower Line
Mean
Lower Zone Upper Line
Lower Zone Lower Line
All of the plots can be used to set up notifications.
Notes
All computations are performed in logarithmic price scale which makes this indicator useful on large timeframes.
Credits
This script uses Ehlers_Super_Smoother library by KevanoTrades
發行說明
Turtle Zone indicator helps to visually determine support and resistance zones of the price movement.Displays a channel with zones located symmetrically around the moving average of the price.
Width of the channel is determined by the current volatility computed as average true range which makes the channel width adaptable to the volatility.
Touching of the zones from inside of the channel can be interpreted as a signal of potential reversal.
Breaking outside of the outer boundary of the zones can be interpreted as a signal of a potential continuation of price movement.
Parameters
• Price Source - Component of the bar for computation. Default is ‘hlc3’. Other reasonable values, such as ‘ohlc4’, ‘open’ or’ close’ can be used by advanced users.
• Lookback period - Amount of bars used in moving average computation. Default is 200.
• Inner Amplitude - Relative width of the inner channel. Default is 5.6.
• Outer Amplitude - Relative width of the outer channel. Default is 9.6.
Available plots for notifications
There are five plots on the graph comprising the channel: four boundaries of the channel bands and one hidden mean line of the channel:
Upper Zone Upper Line
Upper Zone Lower Line
Mean
Lower Zone Upper Line
Lower Zone Lower Line
All of the plots can be used to set up notifications.
Notes
All computations are performed in logarithmic price scale which makes this indicator useful on large timeframes.
Credits
This script uses Ehlers_Super_Smoother library by KevanoTrades
發行說明
Minor bug fix:Correctly name Lower Zone Upper Line and Lower Zone Lower Line
發行說明
Update chart with default settings發行說明
This update makes the inner boundaries of the zone bands visible.Those boundaries are supposed to serve as primary signal lines which are touched by the price more often than the rest of the zone.
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。
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。
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。