OPEN-SOURCE SCRIPT
JNSAR-DP
Updated
JNSAR:
Take Last 5 days, 5 periods High, Low and Close EMA. We shall have 15 such EMAs. Its average is JNSAR.
EMAs:
Plot High and Low EMAs for the 5 periods.
If close is above high EMA, fill the band with green color, if close is below low ema, fill the band with red color. If close is between high and low EMAs, fill the band with
grey color.
Display the indicator in a Day and Week and Hour time frames.
How to use:
When you see a green color band, there are high chances of price to move higher. If you see a red color band, there are high chances of the price to move lower. If you
see more grey color, there are high chances of the price to move sideways.
Disclaimer:
This indicator is for education or study purpose. There is no recommendation to buy or sell any scrip here. Take your own risks and rewards and you are only the
responsible for any outcome after using this indicator.
Take Last 5 days, 5 periods High, Low and Close EMA. We shall have 15 such EMAs. Its average is JNSAR.
EMAs:
Plot High and Low EMAs for the 5 periods.
If close is above high EMA, fill the band with green color, if close is below low ema, fill the band with red color. If close is between high and low EMAs, fill the band with
grey color.
Display the indicator in a Day and Week and Hour time frames.
How to use:
When you see a green color band, there are high chances of price to move higher. If you see a red color band, there are high chances of the price to move lower. If you
see more grey color, there are high chances of the price to move sideways.
Disclaimer:
This indicator is for education or study purpose. There is no recommendation to buy or sell any scrip here. Take your own risks and rewards and you are only the
responsible for any outcome after using this indicator.
Release Notes
R1:Shows direction/trend strength with dark and light colors (green/red) in the band.
Release Notes
Adding VF (Volatility and Fibonacci ) Trade tableRelease Notes
Reverting the new name Release Notes
Adding CPROpen-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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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.