OPEN-SOURCE SCRIPT
Updated HTF Traffic Light Indicator 3/10 Oscillator
The Traffic Light 3/10 Indicator is based on the 3/10 Oscillator and allows trend evaluation across two freely selectable higher timeframes. The traffic light signaling is determined by individually defined rules for different states of the oscillator.
The color of the EMA (Exponential Moving Average) acts as a traffic light.
Currently, there is still a small bug:
The color of the EMA does not update correctly when a new candle forms. The correct color is only displayed after manually reloading the window. If anyone from the community finds a solution for this, a fix would be highly appreciated! Maybe this function could help with the solution: Higher-timeframe requests
The color of the EMA (Exponential Moving Average) acts as a traffic light.
Currently, there is still a small bug:
The color of the EMA does not update correctly when a new candle forms. The correct color is only displayed after manually reloading the window. If anyone from the community finds a solution for this, a fix would be highly appreciated! Maybe this function could help with the solution: Higher-timeframe requests
Release Notes
The Traffic Light 3/10 Indicator is based on the 3/10 Oscillator and allows trend evaluation across two freely selectable higher timeframes. The traffic light signaling is determined by individually defined rules for different states of the oscillator.The color of the EMA (Exponential Moving Average) acts as a traffic light.
Currently, there is still a small bug:
The color of the EMA does not update correctly when a new candle forms. The correct color is only displayed after manually reloading the window. If anyone from the community finds a solution for this, a fix would be highly appreciated! Maybe this function could help with the solution: Higher-timeframe requests
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.