OPEN-SOURCE SCRIPT

Noro's SILA v1.2

Noro's SILA v1.2 - these are 5 trend indicators in 1, for the sake of better accuracy.

Added:

1) Settings
2) Arrows

Noro's SILA v1.2 uses 5 trend indicators:

1) SuperTrend
2) DI Plus-Minus
3) WOW trend indicator (my idea)
4) BarColor indicator (my idea)
5) BestMA (or "BMA") indicator (my idea)

The user can switch-off any indicator from 5 to achieve big accuracy.

How does it work?

Each indicator from 5 defines a trend in own way. If two indicators report that there will be a uptrend, and three others the indicator report that there will be a downtrend - it is downtrend (a red background).

For an example

Now SuperTrend = uptrend = +1
Now DI Plus-Minus = downtrend = -1
Now WOW trend indicator = downtrend = -1
Now BarColor indicator = downtrend = -1
Now BestMA (or "BMA") indicator = uptrend = +1

Sum = + 1 - 1 - 1 - 1 + 1 = -1 = downtrend

If sum > 0 = uptrend

Sensivity

The user himself chooses what there will be a sensitivity (in settings).

If sensivity = 3:

sum > or = 3 - uptrend
sum < or = -3 - downtrend
sum > -3 and < 3 - NA-color of background

Trendlines

3 lower trendlines (blue plots) is "sum+3"
5 upper trendlines is "sum-5"
etc

Settings:

1) sensivity - you see above
2) distance - distance between the price and lines (for convenience)

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