OPEN-SOURCE SCRIPT
已更新 Exertion Meter
Hello traders, today I wanted to present you something special. I present you the Exertion Meter!
Created from scratch, this idea is based on a theory of mine called "Exertion".
Exertion occurs when price moves beyond the previous bar's range thus it has "exerted itself".
The idea is that when price moves a lot, it exerts a lot of energy which eventually leads to calmer motion, usually in the direction price has exerted itself.
Now, when price has exerted itself a lot in a particular direction, it's telling you that it will likely continue in that direction.
Once this happens, it will gradually calm down until price begins the cycle again, exerting itself in either the same or opposite direction.
This theory is similar to the theory of expansion & contraction phases.
This indicator attempts to show you where price has exerted itself by giving you a two lines cross signal.
The default settings are recommended, but experimentation is encouraged to fit your own personal system.
Both settings control the standard deviation line ( aka . Upper Bollinger Band ).
Enjoy, and hit the follow button to get easy access to all my indicators and to follow my latest publications!
Created from scratch, this idea is based on a theory of mine called "Exertion".
Exertion occurs when price moves beyond the previous bar's range thus it has "exerted itself".
The idea is that when price moves a lot, it exerts a lot of energy which eventually leads to calmer motion, usually in the direction price has exerted itself.
Now, when price has exerted itself a lot in a particular direction, it's telling you that it will likely continue in that direction.
Once this happens, it will gradually calm down until price begins the cycle again, exerting itself in either the same or opposite direction.
This theory is similar to the theory of expansion & contraction phases.
This indicator attempts to show you where price has exerted itself by giving you a two lines cross signal.
The default settings are recommended, but experimentation is encouraged to fit your own personal system.
Both settings control the standard deviation line ( aka . Upper Bollinger Band ).
Enjoy, and hit the follow button to get easy access to all my indicators and to follow my latest publications!
版本注释
Changed colors of standard deviation line (red > blue)版本注释
Added a third parameter: (Line 1 Length)版本注释
Added background colors to show when signal occurs :)版本注释
changed background color.red to na.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。
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。