This indicator is particularly valuable for quickly assessing whether the market is bullish (above noise), bearish (below noise) or in a range phase (when prices oscillate without a clear direction).
At a glance, it enables you to adapt your strategy: a trending market will encourage you to favour entries in the direction of the movement, while a range market is more likely to encourage you to exploit turning points. The enormous advantage of this indicator also lies in its versatility, as combining it with several time units enriches the analysis. By observing signals over different timeframes, we can better anticipate future movements and confirm the breaking of important levels (thanks to Prunus Dulcis).
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DEFPARAM CALCULATEONLASTBARS = 300 //paramètre// showhigh=0 ////////////////// timeframe(monthly) c1=open if (high[1]-c1[1] )< (c1[1] - low[1]) then c21=high[1]-c1[1] endif if (high[1]-c1[1])>=(c1[1] - low[1]) then c21=c1[1] -low[1] endif if (high[2]-c1[2] )< (c1[2] - low[2]) then c22=high[2]-c1[2] endif if (high[2]-c1[2]) >=(c1[2] - low[2]) then c22=c1[2] -low[2] endif if (high[3]-c1[3] )< (c1[3] - low[3]) then c23=high[3]-c1[3] endif if (high[3]-c1[3]) >=(c1[3] - low[3]) then c23=high[3] -low[3] endif if (high[4]-c1[4] )< (c1[4] - low[4]) then c24=c1[4]-c1[4] endif if (high[4]-c1[4]) >=(c1[4] - low[4]) then c24=high[4] -low[4] endif if (high[5]-c1[5] )< (c1[5] - low[5]) then c25=high[5]-c1[5] endif if (high[5]-c1[5]) >=(c1[5] - low[5]) then c25=c1[5] -low[5] endif if (high[6]-c1[6] )< (c1[6] - low[6]) then c26=high[6]-c1[6] endif if (high[6]-c1[6]) >=(c1[6] - low[6]) then c26=high[6] -low[6] endif if (high[7]-c1[7] )< (c1[7] - low[7]) then c27=c1[7]-c1[7] endif if (high[7]-c1[7]) >=(c1[7] - low[7]) then c27=high[7] -low[7] endif if (high[8]-c1[8] )< (c1[8] - low[8]) then c28=high[8]-c1[8] endif if (high[8]-c1[8] )>=(c1[8] - low[8]) then c28=c1[8] -low[8] endif if (high[9]-c1[9] )< (c1[9] - low[9]) then c29=high[9]-c1[9] endif if (high[9]-c1[9] )>=(c1[9] - low[9]) then c29=c1[9] -low[9] endif if (high[10]-c1[10] )< (c1[10] - low[10]) then c30=high[10]-c1[10] endif if (high[10]-c1[10] )>=(c1[10] - low[10]) then c30=c1[10] -low[10] endif somme=c21+c22+c23+c24+c25+c26+c27+c28+c29+c30 c3=somme/10 canalhaut=c1+c3 canalbas=c1-c3 timeframe(daily) if month <> month[1] then debutmois = barindex endif if showhigh then ////ONCE MONTH//// once currenthighmonth=high once currentlowmonth=low once previoushighmonth=undefined once previouslowmonth=undefined ///OPEN MONTH//// if openmonth<>openmonth[1] then debutmois=barindex previoushighmonth=currenthighmonth previouslowmonth=currentlowmonth currenthighmonth=high currentlowmonth=low DRAWSEGMENT(debutmois-1,previoushighmonth, debutmois-21,previoushighmonth) else currenthighmonth=max(high,currenthighmonth) currentlowmonth=min(low,currentlowmonth) endif endif drawsegment(debutmois,c1, barindex, c1) coloured(0,0,255) style(dottedline,1) drawsegment(debutmois,canalhaut, barindex, canalhaut) coloured(255,0,255) style(line,1) drawsegment(debutmois,canalbas, barindex, canalbas) coloured(0,0,255) style(line,1) if close>canalhaut and close[1]<=canalhaut then drawARROWUP(barindex,low) endif return |
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à utiliser en unité de temps jour