OPEN-SOURCE SCRIPT
Advanced Market Analysis [Rogers1906]
EMA Line: Calculates a 7-period EMA to track price positioning.
Supply and Demand Zones: Uses a 20-period lookback to identify recent highs (supply) and lows (demand), marking them as critical price levels.
Candle Coloring: Changes candle colors based on overbought/oversold levels from the Stochastic RSI and Williams %R, adjusting to market sentiment.
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Machine Learning Trendline: A linear regression line acts as a simplified machine learning trend estimator.
Slingshot Momentum Tracker: Identifies momentum shifts using a Rate of Change (ROC) indicator, marking buy/sell points when momentum crosses zero.
Supply and Demand Zones: Uses a 20-period lookback to identify recent highs (supply) and lows (demand), marking them as critical price levels.
Candle Coloring: Changes candle colors based on overbought/oversold levels from the Stochastic RSI and Williams %R, adjusting to market sentiment.
.
Machine Learning Trendline: A linear regression line acts as a simplified machine learning trend estimator.
Slingshot Momentum Tracker: Identifies momentum shifts using a Rate of Change (ROC) indicator, marking buy/sell points when momentum crosses zero.
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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