OPEN-SOURCE SCRIPT

Consensio V2 - Relativity Indicator

已更新
This indicator is based on Consensio Trading System by Tyler Jenks.
It is showing you in real-time when Relativity is changing. It will help you understand when you should probably lower your position, and when to strengthen your position, when to enter a market, and when to exit a market.


What is Relativity?
According to this trading system, you start by laying 3 Simple Moving Averages:
  • A Long-Term Moving Average (LTMA).
  • A Short-Term Moving Average (STMA).
  • A Price Moving Average (Price).

*The "Price" should be A relatively short Moving Average in order to reflect the current price.

When laying out those 3 Moving averages on top of each other, you discover 13 unique types of relationships:
  • Relativity A: Price > STMA, Price > LTMA, STMA > LTMA
  • Relativity B: Price = STMA, Price > LTMA, STMA > LTMA
  • Relativity C: Price < STMA, Price > LTMA, STMA > LTMA
  • Relativity D: Price < STMA, Price = LTMA, STMA > LTMA
  • Relativity E: Price < STMA, Price < LTMA, STMA > LTMA
  • Relativity F: Price < STMA, Price < LTMA, STMA = LTMA
  • Relativity G: Price < STMA, Price < LTMA, STMA < LTMA
  • Relativity H: Price = STMA, Price < LTMA, STMA < LTMA
  • Relativity I: Price > STMA, Price < LTMA, STMA < LTMA
  • Relativity J: Price > STMA, Price = LTMA, STMA < LTMA
  • Relativity K: Price > STMA, Price > LTMA, STMA < LTMA
  • Relativity L: Price > STMA, Price > LTMA, STMA = LTMA
  • Relativity M: Price = STMA, Price = LTMA, STMA = LTMA


So what's the big deal, you may ask?
For the market to go from Bullish State (type A) to Bearish state (type G), the Market must pass through Relativity B, C, D, E, F.
For the market to go from Bearish State (type G) to Bullish state (type A), the Market must pass through Relativity H, I, J, K, L.
Knowing This principle helps you better plan when to enter a market, and when to exit a market, when to Lower your position and when to strengthen your position.


Recommendations
  • Different Moving Averages may suit you better when trading different assets on different time periods. You can go into the indicator settings and change the Moving Averages values if needed.
  • When Moving Averages are consolidating, the Relativity can change direction more often. When this happens, it is better to wait for a stronger signal than to trade on every signal.
  • you should also use the "Consensio Directionality Indicator" to predict the directionality of the market. While using both of my Consensio indicators together, please make sure that the Moving Averages on both of them are set to the same values
  • Consensio Trading System encourages you to make decisions based on Moving Averages only. I highly recommend disabling "candle view" by switching to "line view" and changing the opacity of the line to 0.

版本注释
G signal fixed
版本注释
B, F, H, J signals fixed
consensioMoving Averagesrelativitytylerjenks

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?

免责声明