OPEN-SOURCE SCRIPT
F2X Index
Updated
This script is designed to analyze financial market data, particularly focusing on trends and volatility. It allows users to input parameters such as index length and signal length. The script calculates moving averages and differences between the source data and the moving averages. It also optionally adjusts for volatility using the Average True Range (ATR) and can color the signal based on trend direction. The output includes plots for the index and signal, with customizable colors based on trend and volatility. The script provides a visual representation of market dynamics to aid in decision-making for traders and investors.
Release Notes
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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
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