pckalai

Trade_WhatYouSee_byCK

Trade What You See:

This script/indicator is designed with the main purpose of identifying the strength of the instrument. Description added at each methods. Inputs can be changed by users as per their own rules as per their matching style. Happy Trading!

PSAR:

Default PSAR setting is used with the marking of red and green as per position of above or below candle. This will help to identify the current strength


ATR:

ATR based calculation used to identify ATR strength and its zone. This will help to double confirm the strength

2 EMA:

There are 2 EMAs are used here to see the crossover and the strength of the candle.

Disclaimer:

Combination of these multiple strength identification may help the users/traders to see the strength of the instrument. That is the main and sole purpose of publishing this indicator. Changing the inputs, taking trading decisions are up to each individual users/traders.
Release Notes: With this republish, just cleaned up the chart. Also, corrected few typo and spelling mistakes in the descriptions. No changes in the indicator though.

Trade What You See:

This script/indicator is designed with the main purpose of identifying the strength of the instrument. Description added at each methods. Inputs can be changed by users as per their own rules as per their matching style. Happy Trading!

PSAR:

Default PSAR setting is used with the marking of red and green as per position of above or below candle. This will help to identify the current strength


ATR:

ATR based calculation used to identify ATR strength and its zone. This will help to double confirm the strength

2 EMA:

There are 2 EMAs are used here to see the crossover and the strength of the candle.

Disclaimer:

Combination of these multiple strength identification may help the users/traders to see the strength of the instrument. That is the main and sole purpose of publishing this indicator. Changing the inputs, taking trading decisions are up to each individual users/traders.
Release Notes: Changes in this publish:

Couple of color changes done as follows;

  • Lower moving average color changed to black from purple.
    Color of bars in between PSAR & ATR marked with yellow color
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.

Want to use this script on a chart?