fourkhansolo

BMI_4khansolo

Bearish Market Indicator is a simple tool that highlights significant changes on the canvas (chart). For example, if the price dips lower than 50 days Moving Averages (MA), it will highlight white. If the close (closed price) is lower than the 200 days MA, then the highlight color turns into orange. Finally, if the close value (closing price) dips lower than the 20% from the recent highs, it will highlight purple.


Note di rilascio: Making the Graph More Readable
- Cleaned the weak signals for 50MA and 200MA by filling between the two MA(s).
- Polished the name into the abbreviation form (Bearish Market Indicator into BMI).
Note di rilascio: -Reorganized the codes to make it more conformed
- Cleaner Look (for the code)
Note di rilascio: ! If you are going to use this indicator, please double check the calculations under the source; and use it at your own discretion!

If the price is lower than 50D MA, White Highlight
If the price is lower than 200D MA, Orange Highlight
If the price is lower than 50D MA & 200D MA, Red Highlight
If the price is lower than BMI VALUE (20% Low from the High/Peak), Purple Highlight

Features Added!
+ MACD is added under the BMI-Value LINE (20% lower from the 52W High)
+ MACD Color
Note di rilascio: Updated Bearish Market Indicator Highlight (The highlight does not obstruct the price data).
Cleaned Up the code.
+ RSI, RSI-Color {green, yellow, orange, red} = {RSI > rsiMA and not overbought or over sold, RSI < rsiMA and not overbought or over sold, overbought, oversold}
Note di rilascio: More Saturated Highlights for 50,200D MA.
Note di rilascio: Color correction for RSI
RSI > 70 = Bright Orange
RSI < 30 = Dull Orange
RSI > RSIma = Green
RSI < RSIma = Red
Changes needed as the MA becomes more relevant for the price fluctuations.
Note di rilascio: Added new codes
Added more context to the Code at the beginning
Added the title name with short title name.
RSI Update
+ Clearer RSI based Indicator (Overbought = Dark Green, Oversold=Dark Red)
MA update
+ Cleaner Look (Less Obstruction)
Plot Naming
+ Added title to plots or fills
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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.

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