OPEN-SOURCE SCRIPT
BTCUSD Price Overextension from Configurable SMAs
BTCUSD Price Overextension Indicator with Configurable SMAs
This indicator helps identify potential correction points for BTCUSD by detecting overextended conditions based on customizable short-term and long-term SMAs, average price deviation, and divergence.
Key Features:
Customizable SMAs: Set your own lengths for short-term (default 20) and long-term (default 50) SMAs, allowing you to tailor the indicator to different market conditions.
Overextension Detection: Detects when the average price over a set period (default 10 bars) is overextended above the short-term SMA by a configurable adjustment factor.
Divergence Threshold: Highlights when the short-term and long-term SMAs diverge beyond a specified threshold, signaling potential trend continuation.
Conditional Highlight: Displays a red background only when all conditions are met, and the current candle closes at or above the previous candle. A label "Overextended" appears only on the first bar of each overextended sequence for clear identification.
How to Use:
Identify Correction Signals: Look for red background highlights, which indicate a potential overextension based on the configured SMA and divergence thresholds.
Adjust Parameters: Use the adjustment factor, divergence threshold, and SMA lengths to fine-tune the indicator for different market environments or trading strategies.
This tool is ideal for BTCUSD traders looking to spot potential pullback areas or continuation zones by analyzing trend strength and overextension relative to key moving averages.
This indicator helps identify potential correction points for BTCUSD by detecting overextended conditions based on customizable short-term and long-term SMAs, average price deviation, and divergence.
Key Features:
Customizable SMAs: Set your own lengths for short-term (default 20) and long-term (default 50) SMAs, allowing you to tailor the indicator to different market conditions.
Overextension Detection: Detects when the average price over a set period (default 10 bars) is overextended above the short-term SMA by a configurable adjustment factor.
Divergence Threshold: Highlights when the short-term and long-term SMAs diverge beyond a specified threshold, signaling potential trend continuation.
Conditional Highlight: Displays a red background only when all conditions are met, and the current candle closes at or above the previous candle. A label "Overextended" appears only on the first bar of each overextended sequence for clear identification.
How to Use:
Identify Correction Signals: Look for red background highlights, which indicate a potential overextension based on the configured SMA and divergence thresholds.
Adjust Parameters: Use the adjustment factor, divergence threshold, and SMA lengths to fine-tune the indicator for different market environments or trading strategies.
This tool is ideal for BTCUSD traders looking to spot potential pullback areas or continuation zones by analyzing trend strength and overextension relative to key moving averages.
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、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します！無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。
チャートでこのスクリプトを利用したいですか？
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。