OPEN-SOURCE SCRIPT
已更新 PSP Indicator [Elbaz]
Precision Swing Point or PSP is a unique technical analysis tool designed to compare the price action of three tickers that are in sync.
It highlights moments when the price structure diverges between the markets, identifying ideal entry points for trades - We would like to enter a trade when we found PSP and one of the tickers took the wick while others didn't.
This strategy provides an edge by focusing on periods of desynchronization between the indices, where one index may be showing strength while another is lagging. The idea is to find the moments where the candle colors (bullish or bearish) differ across the markets, then wait for one of the tickers to "take" the wick of the PSP while other didn't and enter a trade.
Once a divergence is detected, the indicator plots an arrow on the chart, signaling a potential trade entry. To minimize risk, a good place to put stop loss will at the end of the wick of the PSP — the high or low wick of the candle where the divergence occurs.
The PSP Indicator allows for several custom inputs:
- Tickers: Customize the tickers to compare. The default values are S&P 500 E-mini, NASDAQ E-mini, and Dow Jones E-mini, if you trade Crypto you might want to use BTC, ETH, TOTAL3.
- Lookback Period: The lookback input defines how far back the indicator should evaluate to calculate the price structure point.
- Highlight Bar Times: Users can specify particular times during the trading day to highlight, such as the market open or significant news events. This helps traders focus on key trading windows.
It highlights moments when the price structure diverges between the markets, identifying ideal entry points for trades - We would like to enter a trade when we found PSP and one of the tickers took the wick while others didn't.
This strategy provides an edge by focusing on periods of desynchronization between the indices, where one index may be showing strength while another is lagging. The idea is to find the moments where the candle colors (bullish or bearish) differ across the markets, then wait for one of the tickers to "take" the wick of the PSP while other didn't and enter a trade.
Once a divergence is detected, the indicator plots an arrow on the chart, signaling a potential trade entry. To minimize risk, a good place to put stop loss will at the end of the wick of the PSP — the high or low wick of the candle where the divergence occurs.
The PSP Indicator allows for several custom inputs:
- Tickers: Customize the tickers to compare. The default values are S&P 500 E-mini, NASDAQ E-mini, and Dow Jones E-mini, if you trade Crypto you might want to use BTC, ETH, TOTAL3.
- Lookback Period: The lookback input defines how far back the indicator should evaluate to calculate the price structure point.
- Highlight Bar Times: Users can specify particular times during the trading day to highlight, such as the market open or significant news events. This helps traders focus on key trading windows.
版本注释
The drawings on the chart explain how to use PSP when looking at multiple tickers.We can see on the left side a ticker that "took" the high wick of the PSP candle, while the right ticker didn't. thus we enter a short trade (in this case) in the ticker that didn't "took" the high.
If the two tickers where to take the "high" of the PSP wick we wouldn't enter a trade.
Note that the stop loss of the trade is at the top of the PSP wick.
版本注释
Add `alertcondition` so it is available when configuring alert版本注释
Update title by nickname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。
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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。