OPEN-SOURCE SCRIPT
Dynamic_Retracement_Target

Hello.
This script uses 3 moving averages. I used the ALMA moving averages with 34 , 144 and 610 periods.
The script chooses the highest moving average as well the lowest moving averge.
As the distance between the highest and lowest is known it calculate the targets superior end inferior as well the levels of retracement considering the highest and lowest moving average.
The periods, levels and targets can be set as you wish. I ask you to keep the diference among periods from 4x to 4.24x.
Lines inclined up and price above L.sup, look for a oportunity to buy untill the superior target, wich is your exit point
Lines inclined down and price under L.inf, look for a oportunity to sell untill the inferior target, wich is your exit point.
Enjoy ,coment
This script uses 3 moving averages. I used the ALMA moving averages with 34 , 144 and 610 periods.
The script chooses the highest moving average as well the lowest moving averge.
As the distance between the highest and lowest is known it calculate the targets superior end inferior as well the levels of retracement considering the highest and lowest moving average.
The periods, levels and targets can be set as you wish. I ask you to keep the diference among periods from 4x to 4.24x.
Lines inclined up and price above L.sup, look for a oportunity to buy untill the superior target, wich is your exit point
Lines inclined down and price under L.inf, look for a oportunity to sell untill the inferior target, wich is your exit point.
Enjoy ,coment
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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。