High - Low Trend Tunnel

Meta Platforms, Inc.NASDAQ

Descrizione

⋅ 12 set 2020 08:47

High - Low Trend Tunnel Experiment.

Using latest pinescript Array support!

Plotting Highest highs and Lowest lows for specific length (can be defined in settings).
The blue line is whom determinate the direction.
Blue line is the average of the highest highs and lowest lows smoothed by EMA.

Green - Up Trending.
Red - Down Trending.
Yellow - Squeeze, a reversal might be coming.

Any suggestions/comments are welcome as this is an experiment.

Note di rilascio

⋅ 22 set 2020 21:38

* Trend plot is now colored.
* Changed ATR default value from 17 to 14

Note di rilascio

⋅ 25 set 2020 08:13

Option to disable view of tunnel.
Added additional (optional) Arnaud Legoux Moving Average (ALMA) besides EMA.

Note di rilascio

⋅ 25 set 2020 08:16

Minor cleanup

Commenti

mentalRock19315

⋅ 24 mar 2023 08:34

Very smart !

ericneon

⋅ 17 gen 2021 10:57

wah~very nice and simple!

nilux

⋅ 12 set 2020 15:11

Nice one! Thanks for sharing :)

dman103

⋅ 12 set 2020 15:25

@nilux, Sure mate, glad you like it, it's pretty neat with the arrays available.

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