resistances and divergence[zavaUnni]

Apr 12, 2022

[Basic indicators]
Select from selectable settings: rsi, cci, mfi, or stochstic
The default indicator is set to cci.

[Divergence]
When you select an indicator in Settings, you can see the diversity that occurs in that indicator.
https://www.tradingview.com/x/qnsBRcUA/

[Sign of resistance]
Resistance fills the histogram in yellow; the stronger the resistance, the higher the saturation.
https://www.tradingview.com/x/4FtGrK1P/

[How to calculate resistance]
If the volume is large but the change rate of candlestic(spred_rate) is not large, it means resistance has occurred.
It is a method of finding anomalies in the spred_rate and volume relationship.

After obtaining the accumulated spred_raterelative to the accumulatedvolume value,
we calculated that the larger the difference is, the larger the resistance value.

The formula with the resistanc

a_sma = ta.cum(spred_rate)/ta.cum(volume)
ifpricebull = open+(open*a_sma[1] * volume)
ifpricebear = open-(open*a_sma[1] * volume)
bullD = close>ifpricebull or close<ifpricebear? 0 : math.abs(ifpricebull-close)/ifpricebull
bearD = close>ifpricebull or close<ifpricebear? 0 : math.abs(ifpricebear-close)/close

This calculated resistance index was percentaged based on the highest value over the period and then reflected in the color saturation.

[MA trend bar]
If the short length of ma is above the long length of ma, it is reported as an upward trend and marked in green on the top bar
In the opposite case, the bottom bar is marked in red.
The narrower the separation between short length and long length, the more transparent the color becomes.
https://www.tradingview.com/x/WzpxTf8N/e value is as follows
https://www.tradingview.com/x/nFUQfTsx/