OPEN-SOURCE SCRIPT
HenkieThee || Dema-Median Crossover
HenkieThee || Dema-Median Crossover
This indicator uses a Double Exponential Moving Average (DEMA) alongside a Median filter to highlight potential shifts in price momentum. When the DEMA crosses above the Median, it signals a bullish trend bias; when it crosses below, it signals a bearish bias.
Key Features
Custom Lengths: Fine-tune both DEMA and Median lengths to adapt to different market conditions or timeframes.
Dynamic Visuals: Background coloring helps you quickly recognize bullish (green) or bearish (red) zones on your chart.
Multiple Sources: Choose your own input sources (e.g., low, hl2) for DEMA or Median calculations.
User-Friendly: The script is designed to be easy to understand and integrate into various trading strategies.
How to Use
Add the indicator to your TradingView chart and select your preferred timeframe.
Adjust Henkiethee_demaleng and Henkiethee_medianleng to suit your trading style and target market.
Look for bullish or bearish crossovers as potential signals; confirm with other technical or fundamental analysis tools.
Disclaimer
This script is for educational and informational purposes only. Do your own research and utilize proper risk management before making any trading decisions.
This indicator uses a Double Exponential Moving Average (DEMA) alongside a Median filter to highlight potential shifts in price momentum. When the DEMA crosses above the Median, it signals a bullish trend bias; when it crosses below, it signals a bearish bias.
Key Features
Custom Lengths: Fine-tune both DEMA and Median lengths to adapt to different market conditions or timeframes.
Dynamic Visuals: Background coloring helps you quickly recognize bullish (green) or bearish (red) zones on your chart.
Multiple Sources: Choose your own input sources (e.g., low, hl2) for DEMA or Median calculations.
User-Friendly: The script is designed to be easy to understand and integrate into various trading strategies.
How to Use
Add the indicator to your TradingView chart and select your preferred timeframe.
Adjust Henkiethee_demaleng and Henkiethee_medianleng to suit your trading style and target market.
Look for bullish or bearish crossovers as potential signals; confirm with other technical or fundamental analysis tools.
Disclaimer
This script is for educational and informational purposes only. Do your own research and utilize proper risk management before making any trading decisions.
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.