OPEN-SOURCE SCRIPT
Murrey Math Lines with extreme compartor and pivot points

I did combine 3 scripts into one that really shows a lot. This is to bring together other good ideas to show improve on others work. Special thanks to pipcharlie for the murrey math lines Mage3 for the pivot points and morpheous747 for the murrey extreme compartor.
// this script shows sveral things.
//1. Breakouts - multiple diamonds and price staying in the outer murrey bands is a strong trend. This will lead to a double top or bottom. You could also buy/sell
// the pullbacks and expext another diamond.
//2. Tops - 2 pivots in the top murrey bands first top must have a diamond second must be in the top murrey zone or a higher murrey outer band without a diamond.
// There also must have a dip between tops outside the top murrey zone.
//3. bottoms bounces - a quick pull back if there are 2 pivots close together and the second pivot is not a diamond.
//4. double bottoms - 2 pivots with the first pivot a diamond. The second is after a pullback out of the bottom murrey zone and a diamond.
//5. pullbacks - red and green lines. These are a little more benificial for tops/bottoms
//6. Overall trends - the triangles on top or bottoms show overall general trend. Also the murrey bands act like bollinger bands, once trend changes, expect targets
// to hit the opposite band.
//7. Pivots - adding pivots and extentions help determine trends, resistance levels and tops/bottoms\
//8. Volitility - the wider the murry bands the more movement is likely and ususally in trend with stronger pullbacks. The smaller the bands smaller moves and more
// up and down movement
// this script shows sveral things.
//1. Breakouts - multiple diamonds and price staying in the outer murrey bands is a strong trend. This will lead to a double top or bottom. You could also buy/sell
// the pullbacks and expext another diamond.
//2. Tops - 2 pivots in the top murrey bands first top must have a diamond second must be in the top murrey zone or a higher murrey outer band without a diamond.
// There also must have a dip between tops outside the top murrey zone.
//3. bottoms bounces - a quick pull back if there are 2 pivots close together and the second pivot is not a diamond.
//4. double bottoms - 2 pivots with the first pivot a diamond. The second is after a pullback out of the bottom murrey zone and a diamond.
//5. pullbacks - red and green lines. These are a little more benificial for tops/bottoms
//6. Overall trends - the triangles on top or bottoms show overall general trend. Also the murrey bands act like bollinger bands, once trend changes, expect targets
// to hit the opposite band.
//7. Pivots - adding pivots and extentions help determine trends, resistance levels and tops/bottoms\
//8. Volitility - the wider the murry bands the more movement is likely and ususally in trend with stronger pullbacks. The smaller the bands smaller moves and more
// up and down movement
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开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。