OPEN-SOURCE SCRIPT
Amplitude Indicator
Hello Traders,
Amplitude is the measurement of the difference between the variable's extreme values.
This indicator is based on the Balance of Power (close-open)/(high-low).
Instead of taking the value of a single candlestick, exponential moving averages are used in the formula.
On it's lowest settings (1,2) it's exactly the same as the Balance of power, by adjusting the smoothing you can seen the highs and lows in momentum of the chosen period. (highly adjustable RSI)
By adding a simple moving average (Signal Line) it turns into a cross-over type, like MACD with a histogram.
This indicator is doesn't have a default or 'best' setting, instead I use the Fibonacci numbers as input. (1,2,3,5,8,13,21,34,55,89,144).
Depending on its settings this indicator is well suited for binary options, trend and reversal trading.
Cheers, Indicat...
Amplitude is the measurement of the difference between the variable's extreme values.
This indicator is based on the Balance of Power (close-open)/(high-low).
Instead of taking the value of a single candlestick, exponential moving averages are used in the formula.
On it's lowest settings (1,2) it's exactly the same as the Balance of power, by adjusting the smoothing you can seen the highs and lows in momentum of the chosen period. (highly adjustable RSI)
By adding a simple moving average (Signal Line) it turns into a cross-over type, like MACD with a histogram.
This indicator is doesn't have a default or 'best' setting, instead I use the Fibonacci numbers as input. (1,2,3,5,8,13,21,34,55,89,144).
Depending on its settings this indicator is well suited for binary options, trend and reversal trading.
Cheers, Indicat...
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。