OPEN-SOURCE SCRIPT
已更新 Trend Momentum Synthesizer
By analyzing the MACD (Moving Average Convergence Divergence) and Squeeze Momentum indicators, this indicator helps identify potential bullish, bearish, or undecided market conditions.
The algorithm within considers the positions of the MACD and Squeeze Momentum indicators to determine the overall market sentiment. When the indicators align and indicate a bullish market condition, the indicator's plot color will be either dark green, green, yellow, or lime, indicating a potential bullish trend. Conversely, if the indicators align and indicate a bearish market condition, the plot color will be maroon or red, denoting a potential bearish trend. When the indicators are inconclusive, the plot color will be orange, suggesting an undecided market.
The ADX is an addon component of this indicator, helping to assess the strength of a trend. By analyzing the ADX, the indicator determines whether a trend is strong enough, providing additional confirmation for potential trade signals. The ADX smoothing and DI (Directional Index) length parameters can be customized to suit individual trading preferences.
By combining these indicators, the algorithm provides traders with a comprehensive view of the market, helping them make informed trading decisions. It aims to assist traders in identifying potential market opportunities and aligns with the objective of maximizing trading performance.
How to use the indicator:
Note: I used back-testing for fine tuning do not base your trades on signals from the testing framework.
The algorithm within considers the positions of the MACD and Squeeze Momentum indicators to determine the overall market sentiment. When the indicators align and indicate a bullish market condition, the indicator's plot color will be either dark green, green, yellow, or lime, indicating a potential bullish trend. Conversely, if the indicators align and indicate a bearish market condition, the plot color will be maroon or red, denoting a potential bearish trend. When the indicators are inconclusive, the plot color will be orange, suggesting an undecided market.
The ADX is an addon component of this indicator, helping to assess the strength of a trend. By analyzing the ADX, the indicator determines whether a trend is strong enough, providing additional confirmation for potential trade signals. The ADX smoothing and DI (Directional Index) length parameters can be customized to suit individual trading preferences.
By combining these indicators, the algorithm provides traders with a comprehensive view of the market, helping them make informed trading decisions. It aims to assist traders in identifying potential market opportunities and aligns with the objective of maximizing trading performance.
How to use the indicator:
Note: I used back-testing for fine tuning do not base your trades on signals from the testing framework.
發行說明
Add option to display columns instead of histogram to support no volume candle mode in TV.開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Get access to our indicators at: huntergatherers.tech
免責聲明
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。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Get access to our indicators at: huntergatherers.tech
免責聲明
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。