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Turbulence with direction

7 587
This indicator uses 28 SMA lines from SMA12 to SMA120 with an interval of 4 to reveal the unseen underlying structure that determines the stock price trend. The convergent area of MA lines usually creates support for the stock price. This indicator also includes a clock position for a clear view of the direction of the current trend.

This work is inspired by LoneCapical, Benoit Mandelbrot, and Bill Williams.

MA lines are colored with blue for bullish trends, red for bearish trends, and gray for no apparent direction.
Note di rilascio
This version calculates the slope with the logarithmic price difference and the logarithmic time interval, which provides a more accurate scale on the trend direction.
Note di rilascio
Add an input option to turn the trading indication ON or OFF.
Note di rilascio
Set the default option to not showing direction.
Note di rilascio
Remove typos.

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.