LazyBear

Market Direction Indicator [LazyBear]

Market Direction Indicator ( MDI ), by Donald Lambert, is an extension of simple moving average cross over systems. Series of price cross over points are determined to derive MDI .

Note that the short/long lengths will differ between instruments. They need to be tuned properly.

I have added an option to specify a "cutoff" parameter. When MDI is in the cutoff zone (-/+ cutoff), bars are colored gray. Set this to zero to turn off cutoffs.

Other options:
- OverlayMode: Enable this to color bars. MDI values are not plotted. If unchecked, MDI default rendering mode is Histogram mode.
- ShowBelowZero: Plots the negative values below zero (Oscillator mode)

Use "MDI" and "ZeroLine" for setting up alerts. Make sure MDI is in OscillatorMode.

Master list of all my indicators:
https://docs.google.com/document/d/15AGC...

List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
開源腳本

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。

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。

想在圖表上使用此腳本?
//
// @author LazyBear 
// List of all my indicators: 
// https://docs.google.com/document/d/15AGCufJZ8CIUvwFJ9W-IKns88gkWOKBCvByMEvm5MLo/edit?usp=sharing
// 
study("Market Direction Indicator [LazyBear]", shorttitle="MDI_LB")
src=close
lenMA1=input(13, title="Short Length"), lenMA2=input(55, title="Long Length")
cutoff=input(2, title="No-trend cutoff")
sbz=input(false, title="Show Below Zero")
om=input(false, title="Enable overlay mode")
calc_cp2(src, len1, len2) =>
    (len1*(sum(src, len2-1)) - len2*(sum(src, len1-1))) / (len2-len1)

cp2=calc_cp2(src, lenMA1, lenMA2)
mdi=100*(nz(cp2[1]) - cp2)/((src+src[1])/2)
mdic=mdi<-cutoff?(mdi<mdi[1]?red:orange):mdi>cutoff?(mdi>mdi[1]?green:lime):gray
plot(om ? na : 0, color=gray, title="ZeroLine"), plot(om ? na : sbz ? mdi : abs(mdi), style=columns, color=mdic, linewidth=3, title="MDI")
barcolor(om ? mdic:na)