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Adail1321

Adail-Index (versão beta)

Adail1321  
Breadth Indicators Centered Oscillators Trend Analysis
118
5
breadthstudies centeredoscillator trendanalysis
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.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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