OPEN-SOURCE SCRIPT
已更新 Braid Filter+
OVERVIEW
The Braid Filter indicator was initially made by Robert Hill and published in the Stocks and Commodities Magazine in 2006. This version of the Braid Filter expands upon Hill's original one by adding much more customization and tweaking abilities. Instead of using a simple moving average to calculate the Braid Filter, this version allows you to choose between 43 different moving average calculation types to suit your needs. The original also just used the close price for calculating its moving averages, however, this version allows you to specify different source prices, including the close, median (hl2), typical (hlc3), mean (ohlc4), and weighted (hlcc4) prices. This version also allows you to edit the lookback period for the average true range calculation. It also renamed some arbitrarily named input fields to make them more readable and understandable. Finally, it includes multi-timeframe support and the ability to color bars based on signals.
The Braid Filter calculates 3 average prices:
It then finds the minimum and maximum of these three average prices. Then it calculates the difference between the highest and lowest average price. This difference is what the histogram shows. Then the filter line is calculated based on the ATR.
CONCEPTS
This indicator can be used to determine the start of trends. It can also be used to determine when the market is consolidating.
When the bar turns green, the average close price is greater than the average open price, indicating bullish momentum. In addition, if the histogram is green, the difference between the highest average price and the lowest average price is high enough to surpass the filter line. This means that not only is there bullish momentum, but there is stronger than average bullish momentum. Therefore, it is safe to assume that the market will trend higher. When the histogram turns red, this situation plays out except in reverse, indicating that the market will trend lower.
If the histogram color is gray, the difference between the highest average price and the lowest average price used to calculate the Braid Filter is meager. Since the highest and lowest average is close together, the price is unlikely to travel far in one direction. Therefore, it is safe to assume that the market is consolidating when this happens.
HOW DO I READ THIS INDICATOR
The signals between the histogram and filter are calculated as follows:
The Braid Filter indicator was initially made by Robert Hill and published in the Stocks and Commodities Magazine in 2006. This version of the Braid Filter expands upon Hill's original one by adding much more customization and tweaking abilities. Instead of using a simple moving average to calculate the Braid Filter, this version allows you to choose between 43 different moving average calculation types to suit your needs. The original also just used the close price for calculating its moving averages, however, this version allows you to specify different source prices, including the close, median (hl2), typical (hlc3), mean (ohlc4), and weighted (hlcc4) prices. This version also allows you to edit the lookback period for the average true range calculation. It also renamed some arbitrarily named input fields to make them more readable and understandable. Finally, it includes multi-timeframe support and the ability to color bars based on signals.
The Braid Filter calculates 3 average prices:
- A short-term average close price
- A medium-term average open price
- A long-term average close price
It then finds the minimum and maximum of these three average prices. Then it calculates the difference between the highest and lowest average price. This difference is what the histogram shows. Then the filter line is calculated based on the ATR.
CONCEPTS
This indicator can be used to determine the start of trends. It can also be used to determine when the market is consolidating.
When the bar turns green, the average close price is greater than the average open price, indicating bullish momentum. In addition, if the histogram is green, the difference between the highest average price and the lowest average price is high enough to surpass the filter line. This means that not only is there bullish momentum, but there is stronger than average bullish momentum. Therefore, it is safe to assume that the market will trend higher. When the histogram turns red, this situation plays out except in reverse, indicating that the market will trend lower.
If the histogram color is gray, the difference between the highest average price and the lowest average price used to calculate the Braid Filter is meager. Since the highest and lowest average is close together, the price is unlikely to travel far in one direction. Therefore, it is safe to assume that the market is consolidating when this happens.
HOW DO I READ THIS INDICATOR
The signals between the histogram and filter are calculated as follows:
- If the histogram is above the filter line and the fast average close price is greater than the average open price, the histogram is colored green, indicating bullish conditions.
- If the histogram is above the filter line and the fast average close price is less than the average open price, the histogram is colored red, indicating bearish conditions.
- If the histogram is below the filter line, the histogram is colored gray, indicating neutral conditions.
版本注释
Disabled timeframe gaps版本注释
Added alertsAdded the option to show buy/sell signals on the indicator window
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。
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。