mnoles20

CENTURION - MN

271 2 29
Custom indicator for identifying market tops and bottoms. Built off of LazyBear's WaveTrend Oscillator.
Remove from Favorite Scripts Add to Favorite Scripts
//
study(title="CENTURION - MN", shorttitle="CENTURION")
n1 = input(10, "Channel Length")
n2 = input(10, "Average Length")
obLevel1 = input(60, "Over Bought Level 1")
obLevel2 = input(53, "Over Bought Level 2")
osLevel1 = input(-50, "Over Sold Level 1")
osLevel2 = input(-43, "Over Sold Level 2")
 
ap = hlc3 
esa = ema(ap, n1)
d = ema(abs(ap - esa), n1)
ci = (ap - esa) / (0.015 * d)
tci = ema(ci, n2)
 
wt1 = tci
wt2 = sma(wt1, 4)
wt3 = sma(wt1, 30)

plot(0, color=gray)
plot(25 + (.2 * wt3), color=blue)
plot(-20 + (.2 * wt3), color=blue)
plot(obLevel1 + (.2 * wt3), color=red)
plot(osLevel1 + (.2 * wt3), color=green)
plot(obLevel2 + (.2 * wt3), color=red, style=3)
plot(osLevel2 + (.2 * wt3), color=green, style=3)

plot(wt1, color=green)
plot(wt2, color=red, style=3)


Wow. Amazing.
Reply
mnoles20 TradeWithConfidence
Thanks! What do you like about it? Some people are telling me its good for seeing divergence, but I originally intended it to simply pick market tops and bottoms.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out