OPEN-SOURCE SCRIPT
TrendStrength Turbo Bars - Directional Trends
My interpretation of Danielle Shay's popular SimplerTrading TrendStrength Turbo indicator.
The TrendStrength indicator is based on a Fibonacci-based stacked EMA arrangement using the 5, 8, 13, 21 and 34 EMAs:
-> Green bars indicate an uptrend i.e. when the EMAs are positively stacked - there is more upward pressure than downward pressure in the price;
-> Red bars indicate a downtrend i.e. i.e. when the EMAs are negatively stacked - there is more downward pressure on the price; and
-> Yellow bars indicate no strong directional trend and potential for a reversal.
Volume spikes 50% above average volume are then flagged as dots at the bottom of the chart further confirming price momentum.
This indicator should compliment other popular indicators, as confirmation whether to stay in a position or not.
The TrendStrength indicator is based on a Fibonacci-based stacked EMA arrangement using the 5, 8, 13, 21 and 34 EMAs:
-> Green bars indicate an uptrend i.e. when the EMAs are positively stacked - there is more upward pressure than downward pressure in the price;
-> Red bars indicate a downtrend i.e. i.e. when the EMAs are negatively stacked - there is more downward pressure on the price; and
-> Yellow bars indicate no strong directional trend and potential for a reversal.
Volume spikes 50% above average volume are then flagged as dots at the bottom of the chart further confirming price momentum.
This indicator should compliment other popular indicators, as confirmation whether to stay in a position or not.
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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。
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。