OPEN-SOURCE SCRIPT
Distribution Days-Buschi
Aggiornato
This script is a simple extension of the script "Distribution Day" from user "kalle2017". Thanks to him!
As the name suggests, the idea is to recognize "distribution days", when the "firm hands sell to the shaky hands" (Kostolany). So, too many distribution days in a certain timeframe can be a sign for a coming correction / bear market.
A distribution day gets triggered when a loss compared on the day before exceeds 0.2 % and the trading volume is higher.
This indicator works on any daily chart symbol but should be primarily used on major indexes.
Possible inputs are "days back" to count how many trading should be examined(default: 25). Additionally, I implemented the possibility to draw a moving average (default: exponential, 50), to eliminate distribution days below, because it is more of an indicator for the upside. Perhaps a little bit too much / too complicated, therefore it is off by default.
As the name suggests, the idea is to recognize "distribution days", when the "firm hands sell to the shaky hands" (Kostolany). So, too many distribution days in a certain timeframe can be a sign for a coming correction / bear market.
A distribution day gets triggered when a loss compared on the day before exceeds 0.2 % and the trading volume is higher.
This indicator works on any daily chart symbol but should be primarily used on major indexes.
Possible inputs are "days back" to count how many trading should be examined(default: 25). Additionally, I implemented the possibility to draw a moving average (default: exponential, 50), to eliminate distribution days below, because it is more of an indicator for the upside. Perhaps a little bit too much / too complicated, therefore it is off by default.
Note di rilascio
Deutsch:Das Skript ist eine einfache Erweiterung des Skriptes "Distribution Day" vom User "kalle2017". Dank an ihn!
Wie der Name schon sagt, ist die Idee, "Distributionstage" zu erkennen (die ruhigen Hände verkaufen an die zittrigen Hände (Kostolany)). Eine Häufung von Distributionstagen in einem bestimmten Zeitraum kann also ein Anzeichen einer Korrektur / Bärenmarktes sein.
Ein Distributionstag ist definiert über einen Verlust zum Vortag von über 0,2 % und einem Anstieg des Handelsvolumens.
Der Indikator gilt für Tagescharts und sollte vorzugsweise auf große Indices angewendet werden.
Mögliche Eingaben sind "days back", um zu bestimmen, über wie viele Handelstage die Distributionstage aufsummiert werden sollen. Zusätzlich habe ich einen gleitenden Durchschnitt eingebaut (Standardwerte: exponential, 50), um Distributionstage unterhalb dieser Linie zu eliminieren, weil es eher ein Indikator für die Oberseite darstellt. Vielleicht ist dieser Ansatz etwas zu viel / zu kompliziert, daher ist er standardmäßig ausgeschaltet.
Note di rilascio
English:- fixed a bug concerning the if-statement
Deutsch:
- Fehler behoben der die if-Klausel betraf
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
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.