OPEN-SOURCE SCRIPT

JNSAR-DP

已更新

JNSAR:
Take Last 5 days, 5 periods High, Low and Close EMA. We shall have 15 such EMAs. Its average is JNSAR.

EMAs:
Plot High and Low EMAs for the 5 periods.
If close is above high EMA, fill the band with green color, if close is below low ema, fill the band with red color. If close is between high and low EMAs, fill the band with
grey color.
Display the indicator in a Day and Week and Hour time frames.

How to use:
When you see a green color band, there are high chances of price to move higher. If you see a red color band, there are high chances of the price to move lower. If you
see more grey color, there are high chances of the price to move sideways.

Disclaimer:
This indicator is for education or study purpose. There is no recommendation to buy or sell any scrip here. Take your own risks and rewards and you are only the
responsible for any outcome after using this indicator.

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R1:
Shows direction/trend strength with dark and light colors (green/red) in the band.

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Adding VF (Volatility and Fibonacci ) Trade table

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Reverting the new name

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Adding CPR