PROTECTED SOURCE SCRIPT
Aggiornato CEDCR - momentum and trend analysis
DESCRIPTION
CEDCR is a momentum and trend analysis script, visualized by a pair of lines (Top and Bottom) that signal strength and direction of upcoming moves. The lines tend to converge and diverge around a midpoint line of 0.31-0.33 (the midpoint line is slightly different depending on the asset class). When the lines are converging it signals trend reversal and when they are diverging it indicates strength.
SCRIPT MECHANICS
CEDCR lines are calculated using a combination of Moving Averages, RSI and OnBalanceVolume.
KEY LEVEL
Midpoint Level : 0.31-0.33, most asset classes have the lines converging and diverging around the midpoint line.
HOW TO USE
- Lines converging: Upcoming reversal of current trend.
- Lines diverging: Strengthening of current trend.
- Bottom(purple) line crossing over Top(green) line is bearish .
- Top (green) line crossing over Bottom(purple) is bullish .
SIGNALS
The signals are just an additional helpful visual aid.
Buy signal is the green band when divergence between Top and Bottom > 0.05 on Top line crosses over Bottom line.
Sell signal is the red band when divergence between Top and Bottom has weakened below 0.5.
CEDCR is a momentum and trend analysis script, visualized by a pair of lines (Top and Bottom) that signal strength and direction of upcoming moves. The lines tend to converge and diverge around a midpoint line of 0.31-0.33 (the midpoint line is slightly different depending on the asset class). When the lines are converging it signals trend reversal and when they are diverging it indicates strength.
SCRIPT MECHANICS
CEDCR lines are calculated using a combination of Moving Averages, RSI and OnBalanceVolume.
KEY LEVEL
Midpoint Level : 0.31-0.33, most asset classes have the lines converging and diverging around the midpoint line.
HOW TO USE
- Lines converging: Upcoming reversal of current trend.
- Lines diverging: Strengthening of current trend.
- Bottom(purple) line crossing over Top(green) line is bearish .
- Top (green) line crossing over Bottom(purple) is bullish .
SIGNALS
The signals are just an additional helpful visual aid.
Buy signal is the green band when divergence between Top and Bottom > 0.05 on Top line crosses over Bottom line.
Sell signal is the red band when divergence between Top and Bottom has weakened below 0.5.
Note di rilascio
- updated to support pinescript v5- added buy (green) and sell (red) bands
- added high, low and mid plots
Note di rilascio
- Fixed typos- Updated chart
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
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 protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
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.