OPEN-SOURCE SCRIPT
已更新 S2BU2 True Range Bands
What it is:
A twist on the DMI and ATR indicators.
How it is calculated:
What you see is a basic 14-period EMA calculated based on the opening price of the candle.
Extending from this base is the average true range, showing the expected realistic movement in that direction.
How you may interpret what you see:
Extended movement outside of those bands indicates a strong trend and also indicates a bad time to enter. In a sideways market the best time to get in and out is whenever the chart crosses the upper/lower bands. As usual, do not use this indicator alone to determine your entries/exits. If you find a regular behaviour related to this indicator that is not mentioned here feel free to reach out to me. I will consider adding it the list
How you may improve accuracy:
Most obvious - combine with different indicators measuring different things. This indicator measures potential direction. You may combine it with a simple trendindicator, momentum-indicator, etc. There is little use in combining it with another indicator measuring the same thing. When using 2 indicators for the same aspect, pick the one that is more reliable or reacts faster - depending on your preference and strategy.
Another Option to improve accuracy is to overlap the indicator on several timeframes. Dissonance is weakness. Ressonance is strength. if you see many tfs showing the same movement it may be a good time to get in - you will have to judge it yourself though ;)
A twist on the DMI and ATR indicators.
How it is calculated:
What you see is a basic 14-period EMA calculated based on the opening price of the candle.
Extending from this base is the average true range, showing the expected realistic movement in that direction.
How you may interpret what you see:
Extended movement outside of those bands indicates a strong trend and also indicates a bad time to enter. In a sideways market the best time to get in and out is whenever the chart crosses the upper/lower bands. As usual, do not use this indicator alone to determine your entries/exits. If you find a regular behaviour related to this indicator that is not mentioned here feel free to reach out to me. I will consider adding it the list
How you may improve accuracy:
Most obvious - combine with different indicators measuring different things. This indicator measures potential direction. You may combine it with a simple trendindicator, momentum-indicator, etc. There is little use in combining it with another indicator measuring the same thing. When using 2 indicators for the same aspect, pick the one that is more reliable or reacts faster - depending on your preference and strategy.
Another Option to improve accuracy is to overlap the indicator on several timeframes. Dissonance is weakness. Ressonance is strength. if you see many tfs showing the same movement it may be a good time to get in - you will have to judge it yourself though ;)
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declare var types發行說明
chart發行說明
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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。