OPEN-SOURCE SCRIPT
更新済 Exhaustion Signal
Exhaustion Signal
The Exhaustion Signal involves monitoring a sequence of consecutive bars within a price chart. This analytical approach aims to identify instances where the price exhibits pronounced movement, potentially indicating an upcoming shift in the current trend. The methodology works by assigning values to bars based on their relationship with the closing price of a bar from four periods ago. If a subsequent bar's closing price surpasses the close of the bar from four periods ago, the count advances. However, if the closing price falls below the close of the bar from four periods ago, the count is reset. This counting process continues until a predetermined count value is reached. The appearance of this count value within the exhaustion signal framework signifies a market that has extended beyond typical levels, suggesting the possibility of a temporary pause or even a reversal in the existing trend.
It's important to note that, as per the principles of this approach, the exhaustion signal by itself is not designed to function as a standalone trading indicator. The broader market context and the application of additional analysis techniques influence its significance and potential trading implications.
The Exhaustion Signal involves monitoring a sequence of consecutive bars within a price chart. This analytical approach aims to identify instances where the price exhibits pronounced movement, potentially indicating an upcoming shift in the current trend. The methodology works by assigning values to bars based on their relationship with the closing price of a bar from four periods ago. If a subsequent bar's closing price surpasses the close of the bar from four periods ago, the count advances. However, if the closing price falls below the close of the bar from four periods ago, the count is reset. This counting process continues until a predetermined count value is reached. The appearance of this count value within the exhaustion signal framework signifies a market that has extended beyond typical levels, suggesting the possibility of a temporary pause or even a reversal in the existing trend.
It's important to note that, as per the principles of this approach, the exhaustion signal by itself is not designed to function as a standalone trading indicator. The broader market context and the application of additional analysis techniques influence its significance and potential trading implications.
リリースノート
Minor backend code change - no impact on user.リリースノート
Modified to allow users to change the number of candles counted (default is nine).リリースノート
Added a second exhaustion signal with a default value of 12.リリースノート
Updated the alert mechanismリリースノート
Minor clean-up of script.リリースノート
Minor clean-up and updated chart imageリリースノート
Improved the calculation so both exhaustion signal counts only reset after a successful 12 count (or failure beforehand), rather than having the 9 reset on a successful 9 count.リリースノート
Additional improvements to the calculation function.Candles after the first exhaustion signal (9 count) must now close above (or below) the candle 3 prior, rather than 4 prior. This ensures the second exhaustion signal candle closed above (or below) the first exhaustion signal.
リリースノート
Level 3 signals were triggering on incorrect candles. The logic for the calculation section has been overhauled and fixed.リリースノート
Bug fix on the new calculation - cycles were resetting to 0 instead of 1リリースノート
Another bug fix in the calculation logic.リリースノート
Found another issue with how the cycle was being calculated and reset after implementation of the level 3 signal. It should be resolved now.リリースノート
Minor formatting changesリリースノート
Minor formatting updatesリリースノート
Minor formatting updatesリリースノート
Adding the third level signal created a lot of unexpected complexities to the script. There are certain scenarios of price action that can throw it off and are hard to catch during development and testing.This update attempts to resolve any remaining bugs with the script since introducing the level 3 signal.
リリースノート
Bug fix on some level 3 counts and script optimization.リリースノート
New Feature: AlertsHow to use:
- Enter indicator settings and select which alerts you want to receive (bias and signal level)
- Choose timeframe on chart
- Right click on signal and select Add Alert on ES
- Leave it set to Any alert() function call
Before setting another alert, make sure to update the settings to the alerts you want to receive for that ticker and timeframe.
Additional code cleanup and optimization was done.
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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。