OPEN-SOURCE SCRIPT
更新済 ZenTrend Price Cycles
ZenTrend attempts to plot the cycles that occur as the price cycles between the top and bottom of long- and short-term price linear regression channels.
The indicator observes a fast (35-period) and a slow (100-period) linear regression channel and plots their slopes on an oscillator. When the slope of the fast channel crosses above or below the slope of the slow channel, a signal is plotted.
Here are things I look for when observing price cycles
The indicator observes a fast (35-period) and a slow (100-period) linear regression channel and plots their slopes on an oscillator. When the slope of the fast channel crosses above or below the slope of the slow channel, a signal is plotted.
- The red line is the slope of the fast channel; blue is the slope of the slow channel
- A green dot and background indicates the slope of recent price action has crossed above the slope of long-term price action.
- A red dot and background indicates the slope of recent price action has crossed below the slope of long-term price action.
- A gray dot indicates the slope of recent price action is slowing. The difference between the long- and short-term slopes is narrowing.
Here are things I look for when observing price cycles
- Where does the cross occur? Crosses high above or below the 'zero line' indicate a more extreme change in price channel slopes.
- Flat line: crosses that occur while the lines are flat often indicate chop.
- "Curve" of the line - a cross that occurs as the slope lines are starting to curve up/down indicates a sharper and more extreme change in price channel slope.
リリースノート
Updated chart and parameter namesリリースノート
Added optional display of LRSI crossesリリースノート
Bull/bear background color is now based on indicator slope. I'm finding this to be more accurate than basic crosses.リリースノート
- New option to show ZenTrend plot from a higher timeframe (look for alignment)- Option to show standard deviation bands. Crosses above/below deviation indicate a strong trend. ZenTrend within the standard deviation indicate flat price action.
- Option to show Laguerre RSI crosses - look for confluence with ZenTrend and LRSI
リリースノート
- Added red/green color to line based on slope
- Added ability to hide 'slow' plot
オープンソーススクリプト
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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。