OPEN-SOURCE SCRIPT
已更新 TKP-True Relative Movement

This script uses a combination of modified TSI and RSI conditions produce Buy/Sell/Hold signals. Similar to Elder's Impulse, when a buy signal is met, bars turn blue. When a sell signal is met, bars turn Pink. When signals are mixed, bars turn grey. Depending on direction of trend, gray bars can be considered "Hold" or take profit signals. You can change the parameters of TSI or RSI to preference. Also embedded in the script is the ability to add exponential moving average filter for additional conditions if you have some know how with coding.
版本注释
I cleaned up the titles for inputs so that you can better understand what you are changing, and added the ability to change the parameters in which the system filters out for RSI. 版本注释
"True relative Movement" or "TRM" for short is a system that combines my two favorite indicators: RSI and TSI. I strived to put together an indicator that combined the best of both in order to help discretionary traders predict market direction, Momentum, Weakness and Strength. Similar to Elder Impulse system, TRM paints bars 3 different colors to display 3 different conditions: Blue for "Buy", Pink for "Sell", and gray for "Take profit/Hold". When the bars turn blue, that means all conditions have been met. When they turn pink, no conditions have been met. When they are gray, only one condition has been met. The system is simple, yet effective. A buy signal is produced when TSI is above the signal line, and RSI is above 50, and vice versa for sell signals. I have modified the default parameters for TSI and RSI for more "aggressive" entries and exits. I may later name this condition "Fast-TRM" and "Slow-TRM" for when default settings for TSI and RSI are applies, as this is a very robust system as well. **** In this update I embedded a note of what default parameters for TSI and RSI are, if the user wishes to experiment with the "SLOW" version of TRM (Slow-TRM). ****
**** Now there are inputs for the RSI threshold for BUY and SELL conditions. Defaults are both set for 50, but you can for example, change the Buy condition for RSI when it crosses above 55, if you wish for more firm confirmation. You could SOFTEN the sell condition to 45 or 40, so a RSI sell has more room to trigger when crossing below these levels.****
版本注释
Removed the experimental notes/additional filters. 版本注释
Update color scheme and directions on using multi-time frame trading for ES_F 版本注释
Color scheme updated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。