MTV Pixel
Hello everyone, this is my last try to publish this MTV Pixel, hopefully it won't be moderated anymore.
Here I give some explanation about this script.
HOW IT WORKS
Consists of four parts :
- The first pixel is a pixel that shows a trend during an uptrend, a trend when the market is considered bullish (above the MA20 line)
- The second pixel is the volume pixel, showing the up and down movement of the buy / sell volume.
- The third pixel is the momentum pixel, showing the market momentum whether it is overbought or oversold.
- The fourth pixel is a pixel that shows a trend during a downtrend, a trend when the market is considered bearish (below the MA20 line)
When the price opens above the MA20 line, 3 pixels will appear, namely the first Pixel which is called the Trend up Pixel, Pixel Volume, and also the Momentum Pixel.
When the price opens below the MA20 line, 3 pixels will appear, namely Pixel Volume, Pixel Momentum, and the bottom one is the Pixel Down Trend.
* Pixel up trend (appears when the open is above the MA20 line)
- The pixel will show a solid green color when a gap up is opened, then the close price is greater than the open price.
- The pixel will show a light green color if there is normal strengthening (the close is bigger than the previous day's close without creating a gap up), then the close price is bigger than the open price.
- Pixel will show yellow color if it meets several criteria, for example, close is equal to open or close is bigger than the previous close but close is smaller than open.
- The pixel will show a dark red color when there is attenuation and a Gap down is created, then the close price is smaller than the open price.
- Pixel will show red color if there is normal weakening (close is smaller than the close of the previous day without creating a gap down), then the close price is smaller than the open price.
* Pixel down trend (appears when the open is below the MA20 line)
The pixel color indication is the same as the Trend up Pixel
* Volume Pixel
- The pixel is dark green when there is an increase and a gap up is created and the volume for that day is bigger than the volume of the previous day.
- The pixel will be green if there is a normal strengthening and also the volume for that day is greater than the volume of the previous day, or there is a gap up but the volume is smaller than the volume of the previous day.
- The pixel is yellow if it meets several conditions, for example, the volume of the day is the same as the volume of the previous day.
- The pixel is dark red when there is weakness and a Gap down is created and also the volume of the day's weakness is greater than the volume of the previous day.
- The pixel is red if there is normal weakening and also the volume of the day's weakness is bigger than the previous day's volume, or if there is a gap down but the volume is smaller than the previous day's volume.
* Momentum Pixel (basically StochRSI combined with other MA20, HMA, TopBox, BottomBox, upper & lower Bollinger bands).
- The pixel is dark green when it meets several conditions, for example the golden cross is below 50.
- The pixel is green if it meets several conditions, for example a golden cross below 50 without Gap up.
- Pixel will be yellow if it meets several conditions, for example k is greater than d and k has entered the overbought area (greater than 80).
- Pixel is dark red when it meets several conditions, for example k is smaller than d and k has entered the overbought area.
- Pixel is red when it meets several conditions, for example k is smaller than d and k is greater than 50 and k is less than 80.
Too many details that cannot be detailed one by one, but in broad outline as explained above.
HOW TO USE
* Entry/Buy
- Strong Buy : All pixels are green, and one of them is dark green.
- Normal Buy : All pixels are green or two dark green and one yellow.
- Spek Buy : Two green pixels and one yellow, you can start a buy entry if there are additional supporting factors, for example the market is bullish.
* Exit/Sell
- Strong Sell : All pixels are red, and one of them is dark red.
- Normal Sell : All pixels are either red or two dark red and one yellow.
- Spek Sell : Two red pixels and one yellow, can start selling if there are additional supporting factors, for example the market is bearish.
- Warning Sell : Momentum pixels are dark red, regardless of the color of the other pixels.
Hope it's useful.
Here I give some explanation about this script.
HOW IT WORKS
Consists of four parts :
- The first pixel is a pixel that shows a trend during an uptrend, a trend when the market is considered bullish (above the MA20 line)
- The second pixel is the volume pixel, showing the up and down movement of the buy / sell volume.
- The third pixel is the momentum pixel, showing the market momentum whether it is overbought or oversold.
- The fourth pixel is a pixel that shows a trend during a downtrend, a trend when the market is considered bearish (below the MA20 line)
When the price opens above the MA20 line, 3 pixels will appear, namely the first Pixel which is called the Trend up Pixel, Pixel Volume, and also the Momentum Pixel.
When the price opens below the MA20 line, 3 pixels will appear, namely Pixel Volume, Pixel Momentum, and the bottom one is the Pixel Down Trend.
* Pixel up trend (appears when the open is above the MA20 line)
- The pixel will show a solid green color when a gap up is opened, then the close price is greater than the open price.
- The pixel will show a light green color if there is normal strengthening (the close is bigger than the previous day's close without creating a gap up), then the close price is bigger than the open price.
- Pixel will show yellow color if it meets several criteria, for example, close is equal to open or close is bigger than the previous close but close is smaller than open.
- The pixel will show a dark red color when there is attenuation and a Gap down is created, then the close price is smaller than the open price.
- Pixel will show red color if there is normal weakening (close is smaller than the close of the previous day without creating a gap down), then the close price is smaller than the open price.
* Pixel down trend (appears when the open is below the MA20 line)
The pixel color indication is the same as the Trend up Pixel
* Volume Pixel
- The pixel is dark green when there is an increase and a gap up is created and the volume for that day is bigger than the volume of the previous day.
- The pixel will be green if there is a normal strengthening and also the volume for that day is greater than the volume of the previous day, or there is a gap up but the volume is smaller than the volume of the previous day.
- The pixel is yellow if it meets several conditions, for example, the volume of the day is the same as the volume of the previous day.
- The pixel is dark red when there is weakness and a Gap down is created and also the volume of the day's weakness is greater than the volume of the previous day.
- The pixel is red if there is normal weakening and also the volume of the day's weakness is bigger than the previous day's volume, or if there is a gap down but the volume is smaller than the previous day's volume.
* Momentum Pixel (basically StochRSI combined with other MA20, HMA, TopBox, BottomBox, upper & lower Bollinger bands).
- The pixel is dark green when it meets several conditions, for example the golden cross is below 50.
- The pixel is green if it meets several conditions, for example a golden cross below 50 without Gap up.
- Pixel will be yellow if it meets several conditions, for example k is greater than d and k has entered the overbought area (greater than 80).
- Pixel is dark red when it meets several conditions, for example k is smaller than d and k has entered the overbought area.
- Pixel is red when it meets several conditions, for example k is smaller than d and k is greater than 50 and k is less than 80.
Too many details that cannot be detailed one by one, but in broad outline as explained above.
HOW TO USE
* Entry/Buy
- Strong Buy : All pixels are green, and one of them is dark green.
- Normal Buy : All pixels are green or two dark green and one yellow.
- Spek Buy : Two green pixels and one yellow, you can start a buy entry if there are additional supporting factors, for example the market is bullish.
* Exit/Sell
- Strong Sell : All pixels are red, and one of them is dark red.
- Normal Sell : All pixels are either red or two dark red and one yellow.
- Spek Sell : Two red pixels and one yellow, can start selling if there are additional supporting factors, for example the market is bearish.
- Warning Sell : Momentum pixels are dark red, regardless of the color of the other pixels.
Hope it's useful.
Release Notes:
Visual clues
Release Notes:
- change title to MiTs Pixel
- add new buy condition
- add new sell condition
- add new buy condition
- add new sell condition
Release Notes:
* Final Released
- minor bug fix
- Add new Speculative Buy condition (1 green in momentum pixel, and other pixels yellow)
- Add new Speculative Sell condition (1 red in momentum pixel, and other pixels yellow)
- change shorttitle to "MiTs IDX Pixel"
* Best use for trading in IDX markets
- minor bug fix
- Add new Speculative Buy condition (1 green in momentum pixel, and other pixels yellow)
- Add new Speculative Sell condition (1 red in momentum pixel, and other pixels yellow)
- change shorttitle to "MiTs IDX Pixel"
* Best use for trading in IDX markets