east-west_trading

Tunnel equality

Hello all. This is a simply indicator to be used in conjunction with my Vegas tunnel script. The histogram indicates the change in the distance between the 2 moving averages that make up the Vegas tunnel.

When the histogram starts to fall or rise, it means that momentum is changing and can be an early warning signal to watch out for what Vegas describes as equality. Please research his material on line to learn more.

Enjoy!
Release Notes: Code tidied up. Enjoy!
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.

Want to use this script on a chart?

Comments

Sorry! I just realised I left some other junk on the script in relation to some other stuff I was working on. Please ignore!
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