PROTECTED SOURCE SCRIPT
已更新 Axe and Shield
Axe and Shield measures the distance between the selected Moving Average (T3, EMA, SMA) or Volume Weighted Average Price (VWAP) and high or low of the current bar. It remembers the highest distance over the selected period of time.
It will use a candle's high if the price is above the level.
It will use a candle's low if the price is below it.
Distance is always positive. If it is measured above, the axe will be green. If it is below, it will be red.
The lookback period is how far in the past you want to look for the extreme distance. By default, it is set 24h to the past on always-open markets.
I recommend using with low-period moving averages or VWAP. Sometimes, you might even see double tops on the indicator and reversal price action, which can lead to opening a position. You might as well look for divergences. When the price moves higher but remains closer to MA/VWAP, momentum might be disappearing.
Do a proper backtest to see how useful Axe and Shield's information would be to you.
It will use a candle's high if the price is above the level.
It will use a candle's low if the price is below it.
Distance is always positive. If it is measured above, the axe will be green. If it is below, it will be red.
The lookback period is how far in the past you want to look for the extreme distance. By default, it is set 24h to the past on always-open markets.
I recommend using with low-period moving averages or VWAP. Sometimes, you might even see double tops on the indicator and reversal price action, which can lead to opening a position. You might as well look for divergences. When the price moves higher but remains closer to MA/VWAP, momentum might be disappearing.
Do a proper backtest to see how useful Axe and Shield's information would be to you.
版本注释
Added the ability to use Triple Exponential MA (TEMA) with a period of 3 to smooth the swings.版本注释
Fixed Preview and clarified one input option版本注释
Added option to highlight London and New York sessions. This option is enabled by default. You need to disable it in the colour settings if you don't like it.版本注释
I removed functions that I don't use and made the script relatively messy.版本注释
Updating chart picture受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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。