OPEN-SOURCE SCRIPT
Three Line Break Backtest
This is a modified version of the three line break price representation.
It is composed with 2 lines made of Close price values forming a “cloud”.
If the trend is bullish and the price breach the lower level of the green
cloud, a new bearish trend is taking place.
If the current trend is bearish and the price breakout the upper band of
the cloud, a new bullish trend is forming.
This is a “price action” indicator, signals may be filtered by long term trend
analysis with other indicators such as Supertrend for instance.
WARNING:
- For purpose educate only
- This script to change bars colors.
It is composed with 2 lines made of Close price values forming a “cloud”.
If the trend is bullish and the price breach the lower level of the green
cloud, a new bearish trend is taking place.
If the current trend is bearish and the price breakout the upper band of
the cloud, a new bullish trend is forming.
This is a “price action” indicator, signals may be filtered by long term trend
analysis with other indicators such as Supertrend for instance.
WARNING:
- For purpose educate only
- This script to change bars colors.
Script open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Script open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.