OPEN-SOURCE SCRIPT
Updated Sea Phase [DM]
Greetings Colleagues
I share a simple indicator
Follow the progression of:
The set has been simplified with three lengths that if you want you do not have to adjust it has a selector that multiplies the lengths to make the signal smoother
Enjoy!!!
I share a simple indicator
Follow the progression of:
- 1. Development of the range of the daily bars
- 2. Development of the "Normalized" daily volume difference
- 3. Difference of closing price with closing of the previous bar instead of with the opening price because it is more effective.
- 4. It also has a background with the crossing of the signal with its own moving average.
The set has been simplified with three lengths that if you want you do not have to adjust it has a selector that multiplies the lengths to make the signal smoother
Enjoy!!!
Release Notes
Minor ChangesOpen-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.
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.
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.