PROTECTED SOURCE SCRIPT
已更新 40/3 Swing Indicator
This indicator is developed using the basic rules of 40/3 swing trading.
Rule #1 - New high for the last 40 days
Rule #2 - 3 Consecutive days of the close being lower than the previous day
Rule #3 - 4th days closing price is greater than the previous day
When all 3 Rules are met, it will create the Aqua colored label indicating that the 40/3 criteria is met and a reversal is possible.
Rule #4 - 4th days closing price is within the top 25% of that days high/low range.
When Rule #4 is also met, it creates the Red label indicating that there is a very strong chance the reversal has begun.
Rule #1 - New high for the last 40 days
Rule #2 - 3 Consecutive days of the close being lower than the previous day
Rule #3 - 4th days closing price is greater than the previous day
When all 3 Rules are met, it will create the Aqua colored label indicating that the 40/3 criteria is met and a reversal is possible.
Rule #4 - 4th days closing price is within the top 25% of that days high/low range.
When Rule #4 is also met, it creates the Red label indicating that there is a very strong chance the reversal has begun.
版本注释
Added the ability to change the pullback days. It is defaulted to 3.版本注释
Cleaned up script to make it easier to read and faster.Created a new function to allow consecutive counting based on criteria passed in, useful for many projects!
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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。