OPEN-SOURCE SCRIPT
Grid System
This script plots a a square composed of 8 equilateral triangles ("grid"). User can set the frequency of calculation/interval by adjusting the 't' parameter.
Steps for calculating grid:
1. Find the highest high and lowest low for last 't' periods.
2. Calculate midpoint for prices during that interval (highest high + lowest low) / 2.
3. Center of the grid = {time[t/2], price midpoint}.
Interpretation:
Volatility: If price is volatile for a given period, the area of the grid will expand, since the top and bottom sides are based on the highest high and lowest low for the period. So as range for a given period increases, the grid's area increases.
Support and resistance: The grid's center line often acts as the support / resistance line.
Trend Following: The example chart shows Cognex (CGNX) price using an interval of t=365. When the stock's trend was bullish, the area of the grids became increasingly larger and the y-coordinate of each grid was greater than that of the previous grid.
Steps for calculating grid:
1. Find the highest high and lowest low for last 't' periods.
2. Calculate midpoint for prices during that interval (highest high + lowest low) / 2.
3. Center of the grid = {time[t/2], price midpoint}.
Interpretation:
Volatility: If price is volatile for a given period, the area of the grid will expand, since the top and bottom sides are based on the highest high and lowest low for the period. So as range for a given period increases, the grid's area increases.
Support and resistance: The grid's center line often acts as the support / resistance line.
Trend Following: The example chart shows Cognex (CGNX) price using an interval of t=365. When the stock's trend was bullish, the area of the grids became increasingly larger and the y-coordinate of each grid was greater than that of the previous grid.
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。
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。