OPEN-SOURCE SCRIPT
BETA - Enhanced Tech & AI Indicator v1.0
Updated
This indicator combines technical analysis and volatility measures to generate BUY and SELL signals tailored for tech and AI sector stocks. It uses a combination of:
Exponential Moving Average (EMA): Identifies the primary trend.
Relative Strength Index (RSI): Detects overbought and oversold conditions.
Standard Deviation Bands: Highlights price deviations from the EMA.
Average True Range (ATR): Acts as a proxy for market volatility.
Sudden Price Changes: Captures abrupt movements in price, often linked to market events.
The script dynamically adapts to market conditions, filtering out signals during periods of high volatility and generating signals when opportunities arise. It is designed for precision in identifying buy and sell opportunities based on price movements, trend strength, and volatility levels.
This indicator is ideal for traders who want a clear and actionable tool for trading in the tech and AI sectors while considering broader market dynamics.
Exponential Moving Average (EMA): Identifies the primary trend.
Relative Strength Index (RSI): Detects overbought and oversold conditions.
Standard Deviation Bands: Highlights price deviations from the EMA.
Average True Range (ATR): Acts as a proxy for market volatility.
Sudden Price Changes: Captures abrupt movements in price, often linked to market events.
The script dynamically adapts to market conditions, filtering out signals during periods of high volatility and generating signals when opportunities arise. It is designed for precision in identifying buy and sell opportunities based on price movements, trend strength, and volatility levels.
This indicator is ideal for traders who want a clear and actionable tool for trading in the tech and AI sectors while considering broader market dynamics.
Release Notes
This indicator combines technical analysis and volatility measures to generate BUY and SELL signals tailored for tech and AI sector stocks. It uses a combination of:Exponential Moving Average (EMA): Identifies the primary trend.
Relative Strength Index (RSI): Detects overbought and oversold conditions.
Standard Deviation Bands: Highlights price deviations from the EMA.
Average True Range (ATR): Acts as a proxy for market volatility.
Sudden Price Changes: Captures abrupt movements in price, often linked to market events.
The script dynamically adapts to market conditions, filtering out signals during periods of high volatility and generating signals when opportunities arise. It is designed for precision in identifying buy and sell opportunities based on price movements, trend strength, and volatility levels.
This indicator is ideal for traders who want a clear and actionable tool for trading in the tech and AI sectors while considering broader market dynamics.
Open-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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