OPEN-SOURCE SCRIPT
Cooltoyz: market shaker v1.0
Panicking over a big ass candle? wondering what's happening on a flat market? Despair no more, this indicator could help with that :)
The market Shaker calculates the price differences, and weights them with the volume used for the move. This volume is not the plain value, but a measure of the past X volume candles.
Examples:
price moves 3%, but with a volume of only ~80% of last candles. looks like weak move
price moves 0.4%, but the volume was a massive 220% bigger than last candles. something happened, even if the market absorbed it all, better pay attention.
in each case, the shaker indicator makes the calculated value bigger/smaller to account for the volume weight of the move.
It's also i real time, the current candle weight is considered on how much time it remains to close. Example, on the 1H chart, if the last candle is 45min to close, the values for the volume are weighted to 25%, since is only 15min "old", while all the other candles are 1h, so the candle is only 25% of it's time to close.
The indicator options has the arguments required to tune the indicator, the candles minutes must match the chart, or the results go crazy.
The market Shaker calculates the price differences, and weights them with the volume used for the move. This volume is not the plain value, but a measure of the past X volume candles.
Examples:
price moves 3%, but with a volume of only ~80% of last candles. looks like weak move
price moves 0.4%, but the volume was a massive 220% bigger than last candles. something happened, even if the market absorbed it all, better pay attention.
in each case, the shaker indicator makes the calculated value bigger/smaller to account for the volume weight of the move.
It's also i real time, the current candle weight is considered on how much time it remains to close. Example, on the 1H chart, if the last candle is 45min to close, the values for the volume are weighted to 25%, since is only 15min "old", while all the other candles are 1h, so the candle is only 25% of it's time to close.
The indicator options has the arguments required to tune the indicator, the candles minutes must match the chart, or the results go crazy.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。