OPEN-SOURCE SCRIPT
Updated A2MK Mavilim by KıvanÇ fr3762
A2MK is a two lined indicator which gives Short and Long signals...
Go long when GREEN line crosses ABOVE YELLOW
Go short when YELLOW line crosses ABOVE GREEN
(the default version of the indicator has the Yellow line although I personally changed the color to Orange to recognise better)
You can change the length of the two lines but creator (@mavilim0732 on twitter ) explained: there's no need to change the YELLOW line's length. (default value=10)
Green line has the length of a default value of 6, you can set it to lower lengths to provide earlier signals but keep in mind that if you do that you'll have more signals
The main feature of A2MK is the few number of false signals.
signals are very reliable when comparing lots of other indicators
creator: @mavilim0732 on twitter
İndikatörü geliştiren: @mavilim0732 on twitter
Go long when GREEN line crosses ABOVE YELLOW
Go short when YELLOW line crosses ABOVE GREEN
(the default version of the indicator has the Yellow line although I personally changed the color to Orange to recognise better)
You can change the length of the two lines but creator (@mavilim0732 on twitter ) explained: there's no need to change the YELLOW line's length. (default value=10)
Green line has the length of a default value of 6, you can set it to lower lengths to provide earlier signals but keep in mind that if you do that you'll have more signals
The main feature of A2MK is the few number of false signals.
signals are very reliable when comparing lots of other indicators
creator: @mavilim0732 on twitter
İndikatörü geliştiren: @mavilim0732 on twitter
Release Notes
formula updateOpen-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.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
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.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
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.