OPEN-SOURCE SCRIPT
SMU Binary Decimal Candles
This script creates a Decimal and Binary representation of the price using ROC. The idea is to simplify the price action into a distance from Zero to upside and downside.
You can see clearly trend develops in the ROC in the decimal view, kind of like MACD but based on raw price action change. I'm' a big fan of raw price action, so my scripts are super simple.
You can also use this script in a binary mode close higher = 1 and lower is -1. I use the binary mode to remove the psychological pressure of watching the stock going against me. I turn off the actual price and only focus on number of reds vs blue. On a Quantum physics level, when I short, I observe /wish for more reds like last night 1% sell-off
The main message form all my scripts is think outside the box, experiment with something crazy that doesn't make sense at first and make it to make sense. I always start with an idea that pops into my head, script with Pine script super simple and then watch it for hours to see what is trying to tell me. I have many work in progress that still doesn't make sense but looks really weird and wonderful. When I figure out what is trying to tell me I publish it
You can see clearly trend develops in the ROC in the decimal view, kind of like MACD but based on raw price action change. I'm' a big fan of raw price action, so my scripts are super simple.
You can also use this script in a binary mode close higher = 1 and lower is -1. I use the binary mode to remove the psychological pressure of watching the stock going against me. I turn off the actual price and only focus on number of reds vs blue. On a Quantum physics level, when I short, I observe /wish for more reds like last night 1% sell-off
The main message form all my scripts is think outside the box, experiment with something crazy that doesn't make sense at first and make it to make sense. I always start with an idea that pops into my head, script with Pine script super simple and then watch it for hours to see what is trying to tell me. I have many work in progress that still doesn't make sense but looks really weird and wonderful. When I figure out what is trying to tell me I publish it
نص برمجي مفتوح المصدر
قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الرمز في المنشور يخضع لقواعدقوانين الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.
هل تريد استخدام هذا النص البرمجي على الرسم البياني؟
إخلاء المسؤولية
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