INVITE-ONLY SCRIPT
已更新 Price Action Channels
Here are the brand new Price Action Channels.
As time passes and the portfolio grows not only in volume but in assets managed, I have found out that what's needed from technical analysis can't occupy so much time in decision making. Why? I hope you take into consideration other critical variables that affect the market, such as fundamentals, market sentiment, news, the world economy, and so on. Thus, I want to make obvious TA is not supposed to give you miracle formulas. In my investments, technicals count for about 33% of my decision formula.
Now about the indicator.
I'm a big fan of simplicity, and the fact is, everything is numbers and their universal rules.
So the approach we take is entirely following rules of statistics, taking into consideration the maximum amount of data to quantify and qualify moves(changes in price towards a single direction).
Once those moves are defined, we measure their average size, which is the average price range in one direction.
After that, we qualify them by using frequencies and figuring out how often each move happens, let's say:
Asset X, 10% of the times when it moves upwards it's +1%
Asset X, 14% of the times when it moves upwards it's +1,1%
Asset X, 21% of the times when it moves upwards it's +1.3%
Asset X, 25% of the times when it moves upwards it's +1.5%
Asset X, 15% of the times when it moves upwards it's +1.6%
Asset X, 10% of the times when it moves upwards it's +1,7%
Asset X, 5% of the times when it moves upwards it's +2%
With that data, we establish the size of the range and the most reasonable boundaries and thresholds.
This is meant for channels. We consider there are 3 market conditions: Channels(Trending), Sideways, Spikes(abnormal price changes).
So if you try to apply this indicator for huge movements, like news related pumps and such it won't work as it's supposed, since our approach here is to define what's "normal", and such spikes are anomalies.
Sideway assets are doable but not advisable.
We plot all the numbers in a panel, so it's easily readable while trading, and you can fully control where it appears on your screen.
The indicator counts with following features in the Panel:
Study Strong.
As time passes and the portfolio grows not only in volume but in assets managed, I have found out that what's needed from technical analysis can't occupy so much time in decision making. Why? I hope you take into consideration other critical variables that affect the market, such as fundamentals, market sentiment, news, the world economy, and so on. Thus, I want to make obvious TA is not supposed to give you miracle formulas. In my investments, technicals count for about 33% of my decision formula.
Now about the indicator.
I'm a big fan of simplicity, and the fact is, everything is numbers and their universal rules.
So the approach we take is entirely following rules of statistics, taking into consideration the maximum amount of data to quantify and qualify moves(changes in price towards a single direction).
Once those moves are defined, we measure their average size, which is the average price range in one direction.
After that, we qualify them by using frequencies and figuring out how often each move happens, let's say:
Asset X, 10% of the times when it moves upwards it's +1%
Asset X, 14% of the times when it moves upwards it's +1,1%
Asset X, 21% of the times when it moves upwards it's +1.3%
Asset X, 25% of the times when it moves upwards it's +1.5%
Asset X, 15% of the times when it moves upwards it's +1.6%
Asset X, 10% of the times when it moves upwards it's +1,7%
Asset X, 5% of the times when it moves upwards it's +2%
With that data, we establish the size of the range and the most reasonable boundaries and thresholds.
This is meant for channels. We consider there are 3 market conditions: Channels(Trending), Sideways, Spikes(abnormal price changes).
So if you try to apply this indicator for huge movements, like news related pumps and such it won't work as it's supposed, since our approach here is to define what's "normal", and such spikes are anomalies.
Sideway assets are doable but not advisable.
We plot all the numbers in a panel, so it's easily readable while trading, and you can fully control where it appears on your screen.
The indicator counts with following features in the Panel:
- Channel Sampling Size: Short-term, Mid-term, Long-term
- Risk Exposure: Minimum, Low, Modest, Medium, Moderate, High, Maximum
- Filtered Price Action
- Trading Assist
- X & Y Panel Position
Study Strong.
發行說明
- Now optimized for alerts and webhook signals.
- PP3 Bug fixed
發行說明
- Fixed Long-Term Sampling Size Bug
- Improved Step-gain Protect-Profit 3
發行說明
- Massive line calculation revamp- Long-term display bug
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作者的說明
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
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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。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫spectertrading。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
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。