Price movement indicator

This indicator shows us if the price is moving up or down based on the ratio of current price vs previous bar.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.

HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.

Markets:
It can be used to all markets.

發行說明

[* Potential LONG and SHORt entries (green and red circles)]
[* Signal line (blue)]

發行說明

- Potential SHORT and LONG entries
SHORT = red circle
LONG = green circle
- Signal line (blue)

發行說明

Removed unnecessary plots and variables.

發行說明

HMA added to bring more smoothness

發行說明

HMA Offset added

發行說明

Entry points are clear now.
Green - LONG
Red - SHORT

發行說明

Added SMA length for pricecomparison n-bars back
EMA set to 100
Offset set to 25

發行說明

Minor bug fixed

發行說明

Chart error fixed

開源腳本

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

Wilson-IV

免責聲明

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

開源腳本

Wilson-IV