OPEN-SOURCE SCRIPT
Rabbit Hole

How deep is the Rabbit hole? Interesting experiment that finds the RISING HIGHS and FALLING LOWS and place the difference between the highs and lows into separate arrays.
== Calculations ==
In case current high is higher than previous high, we calculate the value by subtracting the current highest high with the previous High (lowest high) into array A,
same method for the lows just in Array B.
Since we subtract highs and lows it means velocity is taken into consideration with the plotting.
After adding a new value we remove the oldest value if the array is bigger than the Look back length. This is done for both lows and highs array.
Afterwards we sum up the lows and highs array (separately) and plot them separately, We can also smooth them a bit with Moving averages like HMA, JMA, KAMA and more.
== RULES ==
When High Lines crosses the Low Line we get a GREEN tunnel.
When Low Lines crosses the High line we get the RED tunnel.
The Greenish the stronger the up trend.
The Redish the stronger the downtrend.
== NOTES ==
Bars are not colored by default.
Better for higher time frames, 1 hour and above.
Enjoy and like if you like!
Follow up for new scripts: tradingview.com/u/dman103/
== Calculations ==
In case current high is higher than previous high, we calculate the value by subtracting the current highest high with the previous High (lowest high) into array A,
same method for the lows just in Array B.
Since we subtract highs and lows it means velocity is taken into consideration with the plotting.
After adding a new value we remove the oldest value if the array is bigger than the Look back length. This is done for both lows and highs array.
Afterwards we sum up the lows and highs array (separately) and plot them separately, We can also smooth them a bit with Moving averages like HMA, JMA, KAMA and more.
== RULES ==
When High Lines crosses the Low Line we get a GREEN tunnel.
When Low Lines crosses the High line we get the RED tunnel.
The Greenish the stronger the up trend.
The Redish the stronger the downtrend.
== NOTES ==
Bars are not colored by default.
Better for higher time frames, 1 hour and above.
Enjoy and like if you like!
Follow up for new scripts: tradingview.com/u/dman103/
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう!無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう!無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。