OPEN-SOURCE SCRIPT
已更新 [blackcat] L1 Vitali Apirine HHs & LLs Stochastics

Level 1
Background
This indicator was originally formulated by Vitali Apirine for TASC - February 2016 Traders Tips.
Function
According to Vitali Apirine, his momentum indicator–based system HHLLS (higher high lower low stochastic) can help to spot emerging trends, define correction periods, and anticipate reversals. As with many indicators, HHLLS signals can also be generated by looking for divergences and crossovers. Because the HHLLS is an oscillator, it can also be used to identify overbought & oversold levels.
Remarks
I changed EMA or SMA into hanning windowing function to reduce lag issue.
colorful area is bearish power.
colorful solid thick line is bull power.
Feedbacks are appreciated.
Background
This indicator was originally formulated by Vitali Apirine for TASC - February 2016 Traders Tips.
Function
According to Vitali Apirine, his momentum indicator–based system HHLLS (higher high lower low stochastic) can help to spot emerging trends, define correction periods, and anticipate reversals. As with many indicators, HHLLS signals can also be generated by looking for divergences and crossovers. Because the HHLLS is an oscillator, it can also be used to identify overbought & oversold levels.
Remarks
I changed EMA or SMA into hanning windowing function to reduce lag issue.
colorful area is bearish power.
colorful solid thick line is bull power.
Feedbacks are appreciated.
發行說明
OVERVIEWThe [blackcat] L1 Vitali Apirine Higher Highs & Lower Lows Stochastics indicator is designed to help traders identify trends by analyzing higher highs and lower lows using stochastic oscillators. This script applies a Hanning windowing technique to smooth data and calculates two key stochastics: Higher Highs Stochastic and Lower Lows Stochastic. These are plotted on the chart with gradient colors for easy visualization of market conditions 📊🌈.
FEATURES
Smoothes data using a custom Hanning Windowing function:
Enhances signal clarity by reducing noise.
Calculates Higher Highs Stochastic and Lower Lows Stochastic:
Identifies potential trend reversals based on price action.
Plots both stochastics with gradient colors for better visual representation:
Gradient colors range from gray to yellow, indicating different levels of momentum.
Includes overbought (50) and oversold (30) levels for additional context:
Helps in identifying extreme market conditions.
Customizable input parameters for fine-tuning sensitivity ⚙️
HOW TO USE
Add the indicator to your TradingView chart by selecting it from the indicators list.
Adjust the following input parameters as needed:
Highest Highs Period: Number of bars used to calculate highest highs.
Lowest Lows Period: Number of bars used to calculate lowest lows.
Stochastic Filter Period: Length of the smoothing filter applied to the stochastics.
Stochastic Filter Type: Choose between EMA or SMA for filtering.
Observe the plotted lines on the chart to identify potential buy and sell signals.
Use the overbought and oversold levels as additional confirmation tools.
LIMITATIONS
The indicator may generate false signals in highly volatile or ranging markets 🌪️.
Users should combine this indicator with other forms of analysis for more reliable trading decisions.
The effectiveness of the indicator may vary depending on the asset and timeframe being analyzed.
NOTES
Ensure that you have sufficient historical data available for accurate calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.
Customize the appearance and parameters as needed to fit your trading strategy.
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。