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🧩Tawajoh +
🧩Tawajoh + Indicator Explanation
The Tawajoh + indicator is a comprehensive technical analysis tool designed to provide a broad market perspective by combining several advanced analytical techniques into a single indicator.
Main Components:
Market Shift Logic:
This part uses the Hull Moving Average (HMA) to detect market shifts by comparing a fast HMA with a delayed one. When a crossover or crossunder happens, it defines a new "Shift Level" and displays labels showing volume or price data along with color-coded signals indicating the market direction.
Smoothed Heiken Ashi (SHA):
Applies smoothing on traditional Heiken Ashi candles using various moving averages (like LSMA, SMA, EMA, etc.) to provide clearer trend visualization with reduced noise and volatility.
HMA PLANz (Hull Moving Averages):
Plots two customizable moving averages (types include SMA, EMA, WMA, HMA) with user-defined source prices (close, high, low) and lengths, along with optional labels for easy identification.
High Liquidity Midline Logic:
Identifies the candle with the highest volume in a given period and plots a midpoint line (average of high and low) for that candle. The line color switches between green and red depending on the current close price position, and the high-volume candle is highlighted in yellow.
RSI 50 EMA Smoothed:
A refined RSI indicator smoothed using a custom EMA near the 50 level, offering precise signals with color changes based on price action and optional labels for clarity.
Volumatic Logic (Volume Dynamics):
Tracks volume trends using smoothed EMAs, plotting volume candles with dynamic colors and gradients that reflect uptrends or downtrends in volume strength, helping to confirm market momentum shifts.
How to Use Tawajoh + Indicator:
Detect Market Shifts: Watch the Market Shift levels and their labels for important turning points.
Read Overall Trend: Use the Smoothed Heiken Ashi candles and moving averages to identify the main trend with less noise.
Monitor Liquidity: The High Liquidity Midline helps spot potential support/resistance levels based on heavy trading activity.
Confirm with RSI & Volume: RSI signals around level 50 combined with volume dynamics give additional confirmation of trend strength or reversals.
The Tawajoh + indicator is a comprehensive technical analysis tool designed to provide a broad market perspective by combining several advanced analytical techniques into a single indicator.
Main Components:
Market Shift Logic:
This part uses the Hull Moving Average (HMA) to detect market shifts by comparing a fast HMA with a delayed one. When a crossover or crossunder happens, it defines a new "Shift Level" and displays labels showing volume or price data along with color-coded signals indicating the market direction.
Smoothed Heiken Ashi (SHA):
Applies smoothing on traditional Heiken Ashi candles using various moving averages (like LSMA, SMA, EMA, etc.) to provide clearer trend visualization with reduced noise and volatility.
HMA PLANz (Hull Moving Averages):
Plots two customizable moving averages (types include SMA, EMA, WMA, HMA) with user-defined source prices (close, high, low) and lengths, along with optional labels for easy identification.
High Liquidity Midline Logic:
Identifies the candle with the highest volume in a given period and plots a midpoint line (average of high and low) for that candle. The line color switches between green and red depending on the current close price position, and the high-volume candle is highlighted in yellow.
RSI 50 EMA Smoothed:
A refined RSI indicator smoothed using a custom EMA near the 50 level, offering precise signals with color changes based on price action and optional labels for clarity.
Volumatic Logic (Volume Dynamics):
Tracks volume trends using smoothed EMAs, plotting volume candles with dynamic colors and gradients that reflect uptrends or downtrends in volume strength, helping to confirm market momentum shifts.
How to Use Tawajoh + Indicator:
Detect Market Shifts: Watch the Market Shift levels and their labels for important turning points.
Read Overall Trend: Use the Smoothed Heiken Ashi candles and moving averages to identify the main trend with less noise.
Monitor Liquidity: The High Liquidity Midline helps spot potential support/resistance levels based on heavy trading activity.
Confirm with RSI & Volume: RSI signals around level 50 combined with volume dynamics give additional confirmation of trend strength or reversals.
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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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。