fareidzulkifli

Directional Strength Panel

█ OVERVIEW

The panel display trend momentum of selected coins/symbol (up to 6) based on the Arnaud Legoux Moving Average ( ALMA ). I'm using ALMA to measure the trend because it resolves 2 main issue of the more common moving averages, smoothing and responsiveness. By removing the minor fluctuations in price without sacrificing the responsiveness, the trend become much more clearer and easier to be measured.

In essence, as the meter approaches 100, it means the ALMA is pointing up (0 means pointing down)

█ Features

- Adjustable ALMA settings with options to turn on/off display the ALMA on current chart
- Select 6 symbols of your choice to be monitored in the settings (You have to manually update the label to display)
- Working on all timeframes
- Switch the panel color to suit background chart theme (Light/Dark)


█ Developer Notes

I'm working with table a lot lately and decided to publish this as a sample if anyone wishes to edit the script to display whatever they want. main calculation in get_data() function should be clamped to value between 0-100. As for the panel size, you can edit the row_max (currently set to 20 and 40 ) if you need it to be smaller or bigger (**i feel anything smaller than 16 is ugly)

█ Disclaimer

Past performance is not an indicator of future results.
My opinions and research are my own and do not constitute financial advice in any way whatsoever.
Nothing published by me constitutes an investment recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities.
I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

Any ideas to further improve this indicator are welcome :)
版本注释: Update:
- Added few more options for MA by request (Defaulted to ALMA, change in settings)
- Cleanup code and added some comments for reference
版本注释: Notes:
Bug fix where array size too big

开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?