LazyBear

Belkhayate Timing [LazyBear]

--- Update April 11, 2015 ----

I have merged in @TheMighyChicken's code (Thanks!) and added some more options. Updated source here - pastebin.com/fVx5Bugi

Changes:
--------------
- Switch between plain candles and colored oscillator candles.
- Switch between candles and plain oscillator view.


--- Original Description ---

Belkhayate Timing, by Mostafa Belkhayate, is very famous in the Forex groups. This is a port from one of the MT4 versions available. If you have used this in other platforms, do let me know if this looks compared to those.

The usage is similar to that of ValueChart (www.tradingview.com/v/vqWXNNq2/). The middle area is the centroid or neutral area, the shaded regions (red/green) are extreme and beyond those are AlertZones. This seems to be used in conjunction with his other indicators, but, in my limited testing, I have seen this give a lot of good signals, especially on divergences.

Indicator allows coloring bars based on the oscillator position or show oscillator histogram (Check the options page).

Histogram=ON:

No Oscillator Smoothing:

@TheMightyChicken Can you do your candle magic on this oscillator too, just like you did for ValueChart? :)

More Info:
www.forexfactor.../attachment.php?attachment...

List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970

List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
開源腳本

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。

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。

想在圖表上使用此腳本?
//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//

study("Belkhayate Timing [LazyBear]", shorttitle="BT_LB", overlay=false)
showHLC=input(true, title="Smooth Osc?"), showHisto=input(false, title="Show Histogram?")
Range1=input(4), Range2=input(8), ebc=input(false, title="Enable Barcolors")
middle = (((high + low) / 2) + ((high[1] + low[1]) / 2) + ((high[2] + low[2]) / 2) + ((high[3] + low[3]) / 2) + ((high[4] + low[4]) / 2)) / 5
scale = (((high - low) + (high[1] - low[1]) + (high[2] - low[2]) + (high[3] - low[3]) + (high[4] - low[4])) / 5) * 0.2
h = (high - middle) / scale
l = (low - middle) / scale 
o = (open - middle) / scale
c = (close - middle) / scale
ht=showHLC?avg(h, l, c):c
plot(0, title="ZeroLine", color=gray)
l1=plot(Range1, title="SellLine1", color=gray)
l2=plot(Range2, title="SellLine2", color=gray)
l3=plot(-Range1, title="BuyLine1", color=gray)
l4=plot(-Range2, title="BuyLine2", color=gray)
fill(l1,l2,red, title="OBZone"), fill(l3,l4, lime, title="OSZone")
plot(showHisto?ht:na, style=histogram, title="BTOscHistogram", linewidth=1, color=ht>0?green:red) 
plot(ht, style=line, title="BTOsc", linewidth=3, color=gray) 
bc=ht>0?(ht>=Range2?blue:(ht>=Range1?green:lime)):(ht<=-Range2?blue:(ht<=-Range1?maroon:red))
barcolor(ebc?bc:na)
plot(ht, style=linebr, title="BTOsc", linewidth=3, color=gray)