OPEN-SOURCE SCRIPT
Trender & mov avg Jayy update
The Trender and moving average for a version of trend analysis. This is an update of a previously published script. A recent Pine script update makes this update necessary.
This is my interpretation of Bloomberg's Trender.
The script is derived from this document:
forexfactory.com/attachment.php?attachmentid=704677&d=1306114269
I have no idea what settings are best. I like the ones I have used because I see some harmony with the
20ema but that could be said for a variety of settings. The chief variable for adjustment is "sensitivity" which is really just the number of standard deviations away from the midpoint calculation. The Trender is plotted as crosses.
Also the moving average will be green if its own 8 period moving average is below the
moving average or red if it is above. In other words a Green moving average suggests an uptrend and a red moving average a down trend as far as moving averages are concerned. In formatting you can have an ema or sma at the click of a button. also at the bottom you will have an option to display moving averages as emas in intraday and smas if the period is daily or higher. In this option you will also see the 50 moving average ( ema if intraday and sma if daily or more.) Most people will opt for consistency and simply use either an ema or sma . In this case leave the
"Show EMAs intraday and smas interday" unchecked.
Jayy
This is my interpretation of Bloomberg's Trender.
The script is derived from this document:
forexfactory.com/attachment.php?attachmentid=704677&d=1306114269
I have no idea what settings are best. I like the ones I have used because I see some harmony with the
20ema but that could be said for a variety of settings. The chief variable for adjustment is "sensitivity" which is really just the number of standard deviations away from the midpoint calculation. The Trender is plotted as crosses.
Also the moving average will be green if its own 8 period moving average is below the
moving average or red if it is above. In other words a Green moving average suggests an uptrend and a red moving average a down trend as far as moving averages are concerned. In formatting you can have an ema or sma at the click of a button. also at the bottom you will have an option to display moving averages as emas in intraday and smas if the period is daily or higher. In this option you will also see the 50 moving average ( ema if intraday and sma if daily or more.) Most people will opt for consistency and simply use either an ema or sma . In this case leave the
"Show EMAs intraday and smas interday" unchecked.
Jayy
開源腳本
在真正的TradingView精神中，這個腳本的作者以開源的方式發佈，這樣交易員可以理解和驗證它。請向作者致敬！您可以免費使用它，但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。
想在圖表上使用此腳本？
Jayy
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