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已更新 Axe and Shield
Axe and Shield measures the distance between the selected Moving Average (T3, EMA, SMA) or Volume Weighted Average Price (VWAP) and high or low of the current bar. It remembers the highest distance over the selected period of time.
It will use a candle's high if the price is above the level.
It will use a candle's low if the price is below it.
Distance is always positive. If it is measured above, the axe will be green. If it is below, it will be red.
The lookback period is how far in the past you want to look for the extreme distance. By default, it is set 24h to the past on always-open markets.
I recommend using with low-period moving averages or VWAP. Sometimes, you might even see double tops on the indicator and reversal price action, which can lead to opening a position. You might as well look for divergences. When the price moves higher but remains closer to MA/VWAP, momentum might be disappearing.
Do a proper backtest to see how useful Axe and Shield's information would be to you.
It will use a candle's high if the price is above the level.
It will use a candle's low if the price is below it.
Distance is always positive. If it is measured above, the axe will be green. If it is below, it will be red.
The lookback period is how far in the past you want to look for the extreme distance. By default, it is set 24h to the past on always-open markets.
I recommend using with low-period moving averages or VWAP. Sometimes, you might even see double tops on the indicator and reversal price action, which can lead to opening a position. You might as well look for divergences. When the price moves higher but remains closer to MA/VWAP, momentum might be disappearing.
Do a proper backtest to see how useful Axe and Shield's information would be to you.
發行說明
Added the ability to use Triple Exponential MA (TEMA) with a period of 3 to smooth the swings.發行說明
Fixed Preview and clarified one input option發行說明
Added option to highlight London and New York sessions. This option is enabled by default. You need to disable it in the colour settings if you don't like it.發行說明
I removed functions that I don't use and made the script relatively messy.發行說明
Updating chart picture受保護腳本
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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。
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。