OPEN-SOURCE SCRIPT

3 projection Indicators - PBands, PO & PB

All these indicators are by Mel Widner.

Projection Bands [ProjectionBands_LB]:
-------------------------------------------------------
These project market data along the trend with the maxima and minima of the projections defining the band. The method provides a way to signal potential direction changes relative to the trend. Usage is like any other trading band.

Projection Oscillator [PO_LB]:
-------------------------------------------------------
This indicates the relative position of price with in the bands. It fluctuates between the values 0 to 100. You can configure the "basis" to make it oscillate around a specific value (for ex., basis=50 will make it oscillate between +50 and -50). EMA of PO (length configurable, default is 5) is plotted as a signal line. There is also an option to plot the difference (oscillator - signal), just like MACD histogram. When you see a divergence in this oscillator, remember that it just indicates a potential movement with in the band (for ex., a bullish divergence shown may cause the price to cross the median and move up to the top band).

Projection Bandwidth [PB_LB]:
-------------------------------------------------------
This shows the % width of the projection bands. A trend reversal is signaled by a high value. Low value may indicate the start of a new trend. This is also a trend strength indicator.

More info: drive.google.com/file/d/0Bx48Du_2aPFnRV94OERtc1haNVE/edit?usp=sharing

Borrowed the color theme for this chart from @liw0. Thanks :)
bandwidthcustomindicatorslazybearOscillatorsParallel ChannelPrice Channels

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؟


List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
يعمل أيضًا:

إخلاء المسؤولية