PROTECTED SOURCE SCRIPT
LARP-TRENDS
This script employs an OBV oscillator that is passed through a Savitzky Golay filter and colored using custom trend following logic taken from a once private indicator of mine, Ultratrends.
Savitzky Golay is a digital filter that can be applied to a set of digital data points for the purpose of smoothing the data, that is, to increase the signal-to-noise ratio without greatly distorting the signal. This is achieved, in a process known as convolution, by fitting successive sub-sets of adjacent data points with a low-degree polynomial by the method of linear least squares. When the data points are equally spaced, an analytical solution to the least-squares equations can be found, in the form of a single set of "convolution coefficients" that can be applied to all data sub-sets, to give estimates of the smoothed signal, (or derivatives of the smoothed signal) at the central point of each sub-set.
This is the ultimate trend following / trading script, as multiple points of confirmation and information about current market conditions can be ascertained by viewing the indicator.
When certain conditions manifest, either "UP" or "DOWN" is printed on the indicator. One can look at the indicator to determine if the signals are valid...
For example... if the oscillator is trending upward, "UP" is printed, and the color green appears, a strong buy signal is present.
If the oscillator is trending downward, colored red, and "UP" is printed, it is recommended that one does not act on the "UP" recommendation.
"UP" and "DOWN" logic is applied through price action.
Green = Uptrend
Red = Downtrend
Yellow = Uptrend early entry
Purple = Pivot down
Gray = no trend / chop
Oscillator below zero = bearish pressure
Oscillator above zero = bullish pressure
One can easily see bullish and bearish divergences using this indicator... and they are highly likely to play out because they are volume based.
Enjoy.
Savitzky Golay is a digital filter that can be applied to a set of digital data points for the purpose of smoothing the data, that is, to increase the signal-to-noise ratio without greatly distorting the signal. This is achieved, in a process known as convolution, by fitting successive sub-sets of adjacent data points with a low-degree polynomial by the method of linear least squares. When the data points are equally spaced, an analytical solution to the least-squares equations can be found, in the form of a single set of "convolution coefficients" that can be applied to all data sub-sets, to give estimates of the smoothed signal, (or derivatives of the smoothed signal) at the central point of each sub-set.
This is the ultimate trend following / trading script, as multiple points of confirmation and information about current market conditions can be ascertained by viewing the indicator.
When certain conditions manifest, either "UP" or "DOWN" is printed on the indicator. One can look at the indicator to determine if the signals are valid...
For example... if the oscillator is trending upward, "UP" is printed, and the color green appears, a strong buy signal is present.
If the oscillator is trending downward, colored red, and "UP" is printed, it is recommended that one does not act on the "UP" recommendation.
"UP" and "DOWN" logic is applied through price action.
Green = Uptrend
Red = Downtrend
Yellow = Uptrend early entry
Purple = Pivot down
Gray = no trend / chop
Oscillator below zero = bearish pressure
Oscillator above zero = bullish pressure
One can easily see bullish and bearish divergences using this indicator... and they are highly likely to play out because they are volume based.
Enjoy.
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保護スクリプト
このスクリプトのソースコードは非公開で投稿されています。 しかし、無料かつ制限なしでご利用いただけます ― 詳細についてはこちらをご覧ください。
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。