Price movement indicator

This indicator shows us if the price is moving up or down based on the ratio of current price vs previous bar.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.

HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.

Markets:
It can be used to all markets.

Note di rilascio

[* Potential LONG and SHORt entries (green and red circles)]
[* Signal line (blue)]

Note di rilascio

- Potential SHORT and LONG entries
SHORT = red circle
LONG = green circle
- Signal line (blue)

Note di rilascio

Removed unnecessary plots and variables.

Note di rilascio

HMA added to bring more smoothness

Note di rilascio

HMA Offset added

Note di rilascio

Entry points are clear now.
Green - LONG
Red - SHORT

Note di rilascio

Added SMA length for pricecomparison n-bars back
EMA set to 100
Offset set to 25

Note di rilascio

Minor bug fixed

Note di rilascio

Chart error fixed

Wilson-IV

Script open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Wilson-IV

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.