INVITE-ONLY SCRIPT
Trend and Time Consensus
Zaktualizowano
Time is a factor in technical analysis that's often neglected. In my opinion, using price action alone only indicates half of the overall story for a particular market. Price can be manipulated but time cannot. If you think about the moments when price has crashed or spiked up randomly, how long did it take before you were comfortable to get back in? It's normally an intuitive decision but it's always after a certain amount of time before we forget about the past and look towards the future.
The Trend and Time Consensus indicator was created to try and capture this sentiment.
There are two plots for this indicator:
Blue/Purple circle plots: Combines the consensus from multiple timeframes to compare to the yellow plot
Yellow plot: The current timeframe's price action
Blue/Purple background: Blue = bullish trend, Purple = bearish trend
This indicator is insensitive to price movement. What it cares about is the candle by candle comparison. If the current candle's movement is deemed to be stronger than the previous candle, the circle plot will print a blue colour and a top count. If the it's weaker then it'll print a purple colour and a bottom count. Figuring out if price has bottomed or topped is the holy grail of trading as it gives the trader the best position for the maximum gain/minimum loss. By utilizing the candle by candle comparison methodology, there are often times when we can save ourselves from being too early into a trend or by confirming that a price movement is indeed a real push with ample momentum.
Using this alone is meaningless but together with other forms of analysis and momentum indicators, it helps tremendously with confluence.
The Trend and Time Consensus indicator was created to try and capture this sentiment.
There are two plots for this indicator:
Blue/Purple circle plots: Combines the consensus from multiple timeframes to compare to the yellow plot
Yellow plot: The current timeframe's price action
Blue/Purple background: Blue = bullish trend, Purple = bearish trend
This indicator is insensitive to price movement. What it cares about is the candle by candle comparison. If the current candle's movement is deemed to be stronger than the previous candle, the circle plot will print a blue colour and a top count. If the it's weaker then it'll print a purple colour and a bottom count. Figuring out if price has bottomed or topped is the holy grail of trading as it gives the trader the best position for the maximum gain/minimum loss. By utilizing the candle by candle comparison methodology, there are often times when we can save ourselves from being too early into a trend or by confirming that a price movement is indeed a real push with ample momentum.
Using this alone is meaningless but together with other forms of analysis and momentum indicators, it helps tremendously with confluence.
Informacje o Wersji
Added option to remove countSkrypt tylko na zaproszenie
Dostęp do tego skryptu mają tylko użytkownicy upoważnieni przez autora i zazwyczaj wiąże się z opłatą. Możesz dodać go do ulubionych, ale będziesz mógł z niego korzystać dopiero po uzyskaniu zgody jego autora. Skontaktuj się z TheTimeCount po więcej informacji lub postępuj zgodnie z instrukcjami autora poniżej.
TradingView nie sugeruje płacenia za skrypt i korzystania z niego, jeśli nie ufasz w 100% jego autorowi i nie rozumiesz, jak działa skrypt. W wielu przypadkach możesz znaleźć dobrą alternatywę open-source za darmo w naszych Skryptach Społeczności.
Chcesz użyć tego skryptu na wykresie?
Ostrzeżenie: przeczytaj to zanim poprosisz o dostęp.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.