OPEN-SOURCE SCRIPT

Dynamic Momentum Ecosystem Futures ver

已更新
I've reuploaded my previous uploaded script Dynamic Momentum Ecosystem, but this one specifically catered to futures trading.
The idea and underlying script function as usual.

Lime = Price closed higher + volume transacted higher than average + MACD Histogram increases + 13 EMA increases
Green = Price closed higher + MACD Histogram increases + 13 EMA increases
Red = Price closed lower + MACD Histogram decreases + 13 EMA decreases
Blue = Either MACD Histogram increases/decreases + 13 EMA increases/decreases

Lime candle is viewed as a robust bullish sign as price increases, supported by the rising MACD Histogram, 13EMA, and higher than average volumes transacted. Perfect for dip buying near the 20/50 MAs.

Green candle is viewed as bullish with the rising of MACD Histogram and EMA . Good for dip buying near the 20/50 MAs.

Red candle is viewed as bearish with the declining of MACD Histogram and EMA . Good for short entry. Can also be the early sign to take profits, as it could be the preliminary signal for trend reversal.

Blue candle is viewed as neutral.

The upper dotted purple line is the 52candles high.
The vertical grey line appears when the price > MA50 crosses above MA200, which is a golden crossover.

Traders are advised to time their entry using the impulse coloring system for stocks that are trading near the dotted line, following the grey line formation.
版本注释
I added a new set of criteria, basically, it works as the lime candle opposite.

So technically there will be new bright red candles that highlight as strong bearish momentum.

Give some love to the bears too :")
版本注释
Another update. There was an error with the equation criteria for bears. Now should be up and running !
Trend Analysis

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!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?

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