PROTECTED SOURCE SCRIPT

[TTI] Net New Highs / Lows

Обновлено
––––History & Credit
There are multiple methodologies that use Net New Highs for the NASDAQ or NYSE as a market direction indicator. Recently, I saw Matt Caruso to also apply such methodology, so I decided to code this indicator.

–––––What it does
👉 Plots a Net Change histogram. This shows New Highs - New Lows, if the histogram is above 0 this means there are more highs than lows
👉 Plots Background colouring. This is dependant on the sensitivity setting of the indicator. We would require a few days of downward action before concluding a downward action. Sensitivity can be adjusted in the menu
👉 Bot the Histogram and the Background colouring can be turned on and off (as per screenshot example)

–––––How to use it
You can use it to validate if the market conditions are ripe for entering a trade. For instance if you trade long, you would want to confirm with the indicator that general market is facilitating moves to the upside. IBD have mentioned more than once that a stock move is 50% due to the general market move.
Информация о релизе
Added the ability to highlight based on bullish threshold
Информация о релизе
👉 Added Simple Moving Average of the Plots
👉 Added a Lookback new high, default is the 52wk high as a dotted green line
👉 You can turn off the plots and add a second instance on the chart to get only the background coloring
Информация о релизе
Added the ability to choose which plots to use
👉 New Highs vs New Lows
https://www.tradingview.com/x/rnjFpOy6/

👉 New Highs only
https://www.tradingview.com/x/WFfAGIqR/

👉New Lows only
https://www.tradingview.com/x/ssJnw7mH/
Информация о релизе
– Added a 156wk (3yr) High line - in cyan
- Added a darker green background, when we have 3 days above 0 on net new highs but we are below the Short term moving average
- Added a lighter colored bar *lime*, when the net new highs exceed the input thresholds in the settings
carusodirectionhighsibdLOWSmarketmattNEWsimplerTrend Analysis

Скрипт с защищённым кодом

Этот скрипт опубликован с закрытым исходным кодом, вы можете свободно им пользоваться. Можно добавить его в избранное и использовать на графике. Вы не можете просматривать или менять его исходный код.

Хотите использовать этот скрипт на графике?


👉 I provide FREE EDUCATION + COURSES here: tintintrading.substack.com/

👉 I share my TRADING everyday here: discord.gg/gTmcqWyWWe

👉 I sell premium indicators here: tradingviewindicators.net
Мои профили:

Отказ от ответственности