OPEN-SOURCE SCRIPT
Indecision Indicator [CHE]
"In times of great uncertainty, indecision is often the wisest course of action."
Introduction:
The Indecision Indicator [CHE] is a custom script for use in Trading View. The script is designed to help traders determine potential reversal points in financial markets, by displaying different levels of indecision or rejection.
Glossary:
Indecision: Indicates a situation where the market is uncertain and can move in either direction.
Rejection: Indicates a situation where the market has rejected a certain price level and is likely to move in the opposite direction.
Totalwick: The total length of the upper and lower shadows on a candlestick chart.
MACD: Moving Average Convergence Divergence, a popular momentum indicator.
Inputs:
Rejection: Allows the user to choose between the different types of indecision to display, including Indecision, Rejection, Totalwick, All, and MACD.
Indecision Length: The number of candles used to calculate the indecision level.
Length: The length of the Moving Average used to smooth the indecision or rejection levels.
Trigger Length: The number of candles used to calculate the trigger line, which is used to indicate potential reversal points.
Output:
The script calculates the lower and upper rejection levels, as well as the indecision level, and displays them as lines on the chart. The lines are color-coded to indicate whether the market is in a state of indecision or rejection, and whether it is likely to move up or down.
Best regards
Chervolino
Introduction:
The Indecision Indicator [CHE] is a custom script for use in Trading View. The script is designed to help traders determine potential reversal points in financial markets, by displaying different levels of indecision or rejection.
Glossary:
Indecision: Indicates a situation where the market is uncertain and can move in either direction.
Rejection: Indicates a situation where the market has rejected a certain price level and is likely to move in the opposite direction.
Totalwick: The total length of the upper and lower shadows on a candlestick chart.
MACD: Moving Average Convergence Divergence, a popular momentum indicator.
Inputs:
Rejection: Allows the user to choose between the different types of indecision to display, including Indecision, Rejection, Totalwick, All, and MACD.
Indecision Length: The number of candles used to calculate the indecision level.
Length: The length of the Moving Average used to smooth the indecision or rejection levels.
Trigger Length: The number of candles used to calculate the trigger line, which is used to indicate potential reversal points.
Output:
The script calculates the lower and upper rejection levels, as well as the indecision level, and displays them as lines on the chart. The lines are color-coded to indicate whether the market is in a state of indecision or rejection, and whether it is likely to move up or down.
Best regards
Chervolino
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。
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。
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。