Madrid Bull/Bear Territory

2512 visualizzazioni
This study displays a background in four colors, lime, green, red, maroon, lime = Bull Territory, red = Bear Territory, green = possible reversal to Bear Territory, maroon = possible reversal to Bull Territory.
Trading with the basic rule, go long on a Bull Market and short a Bear Market.
This study can be used inside the main window, or by unmerging/merging it can be used as a standalone or in combination with other indicators.
The parameters defined by default reduce choppiness and false signals, but just like any other indicator, there is a trade off between fast response and choppiness . The smaller the parameters the faster response, but the more choppiness .
This indicator is built using three EMA's, two (the bigger ones) are used to define the trend direction, and the fastest one is used as a signal, when the signal breaks out the trend indicators to the downside we're in Bear Market, when the signal breaks out to the upside, we're in Bull Market, any thing in between is either a trend reversal or trend continuation.
Momentum indicators and price pattern analysis are recommended to determine the direction of the trend.
Rimuovi dagli script preferiti Aggiungi agli script preferiti
// Hector R. Madrid : 24/JUN/2014 : 00:27 : 3.0 : Madrid Bull/Bear Territory
// This study displays a background in four colors, lime, green, red, maroon
// lime = Bull Territory
// red  = Bear Territory
// green = possible reversal to Bear Territory
// maroon = possible reversal to Bull Territory
study("Madrid Bull/Bear Territory", shorttitle="MBBT", overlay=true)
src = hl2

// Input parameters
fastMALength = input(34, minval=1, title="Fast Trend Length")
slowMALength = input(55, minval=1, title="Slow Trend Length")
refMALength = input(5, title="Signal MA Length")

refMA = ema(src, refMALength)
fastMA = ema(src, fastMALength )
slowMA = ema(src, slowMALength )

bullBearColor = refMA>fastMA and refMA>slowMA ? lime    // Bull
             : refMA<fastMA and refMA<slowMA ? red      // Bear
             : refMA>fastMA and refMA<slowMA ? maroon   // Possible Bull
             : refMA<fastMA and refMA>slowMA ? green    // Possible Bear
             : gray                                     // Data Error
bgcolor(bullBearColor, transp=75)


Home Screener azioni Screener forex Screener cripto Calendario economico Come funziona Caratteristiche Grafico Costi Invita un amico Regolamento Centro di supporto Soluzioni per broker & siti web Widget Librerie grafiche Libreria grafica leggera Blog & Novità Twitter
Profilo Impostazioni profilo Account e fatturazione Invita un amico I miei ticket di supporto Centro di supporto Idee pubblicate Follower Seguiti Messaggi Privati Chat Esci