OPEN-SOURCE SCRIPT
Sea Phase [DM]
Updated
Greetings Colleagues
I share a simple indicator
Follow the progression of:
The set has been simplified with three lengths that if you want you do not have to adjust it has a selector that multiplies the lengths to make the signal smoother
Enjoy!!!
I share a simple indicator
Follow the progression of:
- 1. Development of the range of the daily bars
- 2. Development of the "Normalized" daily volume difference
- 3. Difference of closing price with closing of the previous bar instead of with the opening price because it is more effective.
- 4. It also has a background with the crossing of the signal with its own moving average.
The set has been simplified with three lengths that if you want you do not have to adjust it has a selector that multiplies the lengths to make the signal smoother
Enjoy!!!
Release Notes
Minor ChangesOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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