OPEN-SOURCE SCRIPT
Pops new script
//version=5
indicator("Pops TSLA Trend Overlay v2", overlay=true)
// EMAs
ema8 = ta.ema(close, 8)
ema21 = ta.ema(close, 21)
ema50 = ta.ema(close, 50)
plot(ema8, "EMA 8", color=color.blue)
plot(ema21, "EMA 21", color=color.orange)
plot(ema50, "EMA 50", color=color.green, linewidth=2)
// BB / Keltner Squeeze
basis = ta.sma(close, 20)
dev = ta.stdev(close, 20)
bbUpper = basis + dev * 2
bbLower = basis - dev * 2
kcUpper = basis + ta.atr(20) * 1.5
kcLower = basis - ta.atr(20) * 1.5
squeezeOn = (bbUpper < kcUpper) and (bbLower > kcLower)
bgcolor(squeezeOn ? color.new(color.yellow, 85) : na)
indicator("Pops TSLA Trend Overlay v2", overlay=true)
// EMAs
ema8 = ta.ema(close, 8)
ema21 = ta.ema(close, 21)
ema50 = ta.ema(close, 50)
plot(ema8, "EMA 8", color=color.blue)
plot(ema21, "EMA 21", color=color.orange)
plot(ema50, "EMA 50", color=color.green, linewidth=2)
// BB / Keltner Squeeze
basis = ta.sma(close, 20)
dev = ta.stdev(close, 20)
bbUpper = basis + dev * 2
bbLower = basis - dev * 2
kcUpper = basis + ta.atr(20) * 1.5
kcLower = basis - ta.atr(20) * 1.5
squeezeOn = (bbUpper < kcUpper) and (bbLower > kcLower)
bgcolor(squeezeOn ? color.new(color.yellow, 85) : na)
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.