OPEN-SOURCE SCRIPT
Choppy Market EMA Identification
This indicator could be used to identify choppy Market Conditions based on the EMA.
It is an EMA that could be configured to only show up, if the last 1..n candles are NOT crossing the EMA in any direction.
I figured out that lower timeframes ( < 30 min) often the price bounces around the 200 EMA and gives lot of false signals using different strategies.
So i decided to write a small indicator to avoid taking trades in those market conditions.
The Indicator could be configured for the length of the EMA and how many crosses must be happened in the defined numbers of candles.
It is an EMA that could be configured to only show up, if the last 1..n candles are NOT crossing the EMA in any direction.
I figured out that lower timeframes ( < 30 min) often the price bounces around the 200 EMA and gives lot of false signals using different strategies.
So i decided to write a small indicator to avoid taking trades in those market conditions.
The Indicator could be configured for the length of the EMA and how many crosses must be happened in the defined numbers of candles.
نص برمجي مفتوح المصدر
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.
For quick access on a chart, add this script to your favorites — learn more here.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
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.
For quick access on a chart, add this script to your favorites — learn more here.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.