The "MA Sabres" indicator highlights potential trend reversals based on a moving average direction. Detected reversals are accompanied by an extrapolated "Sabre" looking shape that can be used as support/resistance and as a source of breakouts.
🔶 USAGE

If a selected moving average (MA) continues in the same direction for a certain time, a change in that direction could signify a potential reversal.

In this publication, when a trend change occurs, a sabre-shaped figure is drawn which can be used as support/resistance:
A sabre can be indicative of a direction, however, it can also act as a stop-loss when the price should go in the opposite direction:

Or show potential areas of interest:

🔶 DETAILS
This publication will look for a change in direction after the MA went in the same direction during x consecutive bars (settings: "Reversal after x bars in the same direction").
Then a circle-shaped drawing will be drawn 1 bar back, at the previous high/low, dependable of the previous direction.
From there originates a sabre-shaped figure where the tip lies as far as the user-set MA length.

The angle of the "sabre" relies on the ATR of the previous 14 bars.
Less volatility will create a flatter sabre while the opposite is true when there is more volatility in the previous 14 bars.

The sabre is created by the latest feature, polylines, which enables us to connect several 'points', resulting in a polyline.new() object.
Do note that sabres are offset by one bar to the past to align their locations.
🔶 SETTINGS
🔶 USAGE
If a selected moving average (MA) continues in the same direction for a certain time, a change in that direction could signify a potential reversal.
In this publication, when a trend change occurs, a sabre-shaped figure is drawn which can be used as support/resistance:
A sabre can be indicative of a direction, however, it can also act as a stop-loss when the price should go in the opposite direction:
Or show potential areas of interest:
🔶 DETAILS
This publication will look for a change in direction after the MA went in the same direction during x consecutive bars (settings: "Reversal after x bars in the same direction").
Then a circle-shaped drawing will be drawn 1 bar back, at the previous high/low, dependable of the previous direction.
From there originates a sabre-shaped figure where the tip lies as far as the user-set MA length.
The angle of the "sabre" relies on the ATR of the previous 14 bars.
Less volatility will create a flatter sabre while the opposite is true when there is more volatility in the previous 14 bars.
The sabre is created by the latest feature, polylines, which enables us to connect several 'points', resulting in a polyline.new() object.
Do note that sabres are offset by one bar to the past to align their locations.
🔶 SETTINGS
- MA Type: SMA, EMA, SMMA (RMA), HullMA, WMA, VWMA, DEMA, TEMA, NONE (off)
- Length: this sets the length of MA, and the length of the sabre shape
- Previous Trend Duration: After the MA direction is the same for x consecutive bars, the first time the direction changes, a sabre is drawn
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。
Get access to our exclusive tools: luxalgo.com
Join our 150k+ community: discord.gg/lux
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Join our 150k+ community: discord.gg/lux
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
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。
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。
Get access to our exclusive tools: luxalgo.com
Join our 150k+ community: discord.gg/lux
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Join our 150k+ community: discord.gg/lux
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
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。