OPEN-SOURCE SCRIPT
Adail-Index (versão beta)
It is an indicator inspired by Didi=Index, but with the following SUPPLEMENTS: Bollinger Bands , Needle Detector with 100% accuracy, Trend Strength Indicator and Trend Tracker Coloring Scheme.
Observation:
> thicker colored line is the I20/8 indicator;
> white line is the I3/8 indicator;
> thinner colored line is the Trend Strength Indicator.
The blue and yellow columns also function as force indicators and serve to detect needle sticks.
Uses tolerance up to the 1% level to confirm a stronger downtrend.
Observation:
> thicker colored line is the I20/8 indicator;
> white line is the I3/8 indicator;
> thinner colored line is the Trend Strength Indicator.
The blue and yellow columns also function as force indicators and serve to detect needle sticks.
Uses tolerance up to the 1% level to confirm a stronger downtrend.
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.