PROTECTED SOURCE SCRIPT
Intermarket Analysis [DIGGERDOG]
Intermarket Analysis [DIGGERDOG]
The INTERMARKET ANALYSIS tool enables a comprehensive comparison of different markets such as Bonds, Currencies, Commodities, and Indices by comparing the current market value with a selected underlying asset. The script uses the RSI (Relative Strength Index) combined with various smoothing methods, offering a clear visual representation of trend extremes.
Key Features:
# Market Selection:
Choose from four major markets: Bonds, Currencies, Commodities, and Indices.
After selecting the market, you can analyze a specific underlying asset (e.g., bond futures, currency futures, commodities, or stock indices).
RSI Indicator with Smoothing:
Calculate the RSI based on the ratio between your chart and the selected underlying asset.
Choose from three different smoothing methods: SMA, EMA, or RMA.
Customize the periods for RSI and smoothing based on your preferences.
Visual Representation:
The oscillator is displayed as a clear line, with colors indicating growth or decline above and below the zero line.
Extremes such as overbought or oversold conditions are visually highlighted.
Threshold Lines:
Horizontal lines at 30, 50, and 70 indicate overbought and oversold regions.
Extreme Value Marking:
When enabled, overbought conditions (RSI > 70) are highlighted with a red background.
Oversold conditions (RSI < 30) are marked with a green background.
Market and Symbol Display:
A small table in the top-right corner displays the selected market and underlying symbol.
Use Cases:
Use this script to analyze intermarket correlations and relative strength.
Identify overbought or oversold conditions in different markets.
Choose between different smoothing methods to identify a clear trend without noise.
With the INTERMARKET ANALYSIS, you can easily and effectively analyze market trends across various markets. This is a powerful tool, useful for both beginner and advanced traders.
This description can be directly used in TradingView under your script. It provides a clear explanation of the script’s features and use cases in English. Let me know if you need any further adjustments!
The INTERMARKET ANALYSIS tool enables a comprehensive comparison of different markets such as Bonds, Currencies, Commodities, and Indices by comparing the current market value with a selected underlying asset. The script uses the RSI (Relative Strength Index) combined with various smoothing methods, offering a clear visual representation of trend extremes.
Key Features:
# Market Selection:
Choose from four major markets: Bonds, Currencies, Commodities, and Indices.
After selecting the market, you can analyze a specific underlying asset (e.g., bond futures, currency futures, commodities, or stock indices).
RSI Indicator with Smoothing:
Calculate the RSI based on the ratio between your chart and the selected underlying asset.
Choose from three different smoothing methods: SMA, EMA, or RMA.
Customize the periods for RSI and smoothing based on your preferences.
Visual Representation:
The oscillator is displayed as a clear line, with colors indicating growth or decline above and below the zero line.
Extremes such as overbought or oversold conditions are visually highlighted.
Threshold Lines:
Horizontal lines at 30, 50, and 70 indicate overbought and oversold regions.
Extreme Value Marking:
When enabled, overbought conditions (RSI > 70) are highlighted with a red background.
Oversold conditions (RSI < 30) are marked with a green background.
Market and Symbol Display:
A small table in the top-right corner displays the selected market and underlying symbol.
Use Cases:
Use this script to analyze intermarket correlations and relative strength.
Identify overbought or oversold conditions in different markets.
Choose between different smoothing methods to identify a clear trend without noise.
With the INTERMARKET ANALYSIS, you can easily and effectively analyze market trends across various markets. This is a powerful tool, useful for both beginner and advanced traders.
This description can be directly used in TradingView under your script. It provides a clear explanation of the script’s features and use cases in English. Let me know if you need any further adjustments!
إخلاء المسؤولية
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