OPEN-SOURCE SCRIPT
High Low Rate Of Change

An experimental indicator using Pine Script Arrays. The indicators measures the rate of change of the highest highs and lowest lows. I call it the "High Low Rate of Change".
The H/L Rate of Change indicator finds the delta between the current highest high and previous highest high and after some filtering places these values into an array.
Same goes for the lowest lows.
In the end Sum it all up into the Histogram with optional smoothing using Exponential moving average (EMA).
==Colors==
Green: Up Trending.
Light Green: Weakening up trend.
Red: Down Trending.
Light Red Weakening Down Trending.
==Notes==
Bar colors are disabled by default.
Supports EMA smoothing (enabled by default).
Like if you Like and Enjoy!
Follow up for upcoming indicators: tradingview.com/u/dman103/
The H/L Rate of Change indicator finds the delta between the current highest high and previous highest high and after some filtering places these values into an array.
Same goes for the lowest lows.
In the end Sum it all up into the Histogram with optional smoothing using Exponential moving average (EMA).
==Colors==
Green: Up Trending.
Light Green: Weakening up trend.
Red: Down Trending.
Light Red Weakening Down Trending.
==Notes==
Bar colors are disabled by default.
Supports EMA smoothing (enabled by default).
Like if you Like and Enjoy!
Follow up for upcoming indicators: tradingview.com/u/dman103/
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。
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
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。
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
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。