OPEN-SOURCE SCRIPT
Updated Turbulence
This indicator uses 28 SMA lines from SMA12 to SMA120 with an interval of 4 to reveal the unseen underlying structure that determines the stock price trend. This work is inspired by Benoit Mandelbrot's turbulence movement of the market and Bill Williams' chaos theory.
MA lines are colored blue for bullish trends, red for bearish trends, and gray for no apparent movement.
MA lines are colored blue for bullish trends, red for bearish trends, and gray for no apparent movement.
Release Notes
Add plot titles.Release Notes
Add SMA trends.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.