OPEN-SOURCE SCRIPT
Madrid Vector
This study is used to detect Overbought/Oversold levels, reversal patterns, momentum divergence based on the ratio of the current level vs the trading range on a given period of time. It reduces the lag by using direct price levels instead of moving averages, and the results are smoothed using the supersmooth Ehler's filter.
This study utilizes simple parameters, the length of the analysis period and check boxes to display only the bull vector, the bear vector, or both of them.
When the vector crosses over the zero line, the stock is in the bull side, if it reaches levels above 80% it enters to the Overbought area, which means the price can go higher until a reversal takes it below the Zero Line to the Bear side, where if it reaches -80% it is said to be at the Oversold level until a reversal or a momentum divergence pattern flags a return to the Bull side.
This study utilizes simple parameters, the length of the analysis period and check boxes to display only the bull vector, the bear vector, or both of them.
When the vector crosses over the zero line, the stock is in the bull side, if it reaches levels above 80% it enters to the Overbought area, which means the price can go higher until a reversal takes it below the Zero Line to the Bear side, where if it reaches -80% it is said to be at the Oversold level until a reversal or a momentum divergence pattern flags a return to the Bull side.
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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。