OPEN-SOURCE SCRIPT
RAINBOW_13th
Updated
Hi Dears!
hereby, I present you one of my indicators which is a kind of artistic indicator.
It calculates different ranks of functions and based on them suggests a buy or sell order which is depicted on right-side separately.
Inputs:
(For calculating)
+Source:
+Length: Number of previous bars in calculation
+Topology:
++EMA
++RMA
++SMA
++RSI
+OVER BOUGHT RSI: Define your boundary for overbought in RSI-TOPOLOGY.
+OVER SOLD RSI: Define your boundary for oversold in RSI-TOPOLOGY.
(Visual)
+Transparency: affect colors of rainbow!
Wish you good deals!
BY USING PLZ DO NOT FORGET TO BOOST IT!
Shakib.
hereby, I present you one of my indicators which is a kind of artistic indicator.
It calculates different ranks of functions and based on them suggests a buy or sell order which is depicted on right-side separately.
Inputs:
(For calculating)
+Source:
+Length: Number of previous bars in calculation
+Topology:
++EMA
++RMA
++SMA
++RSI
+OVER BOUGHT RSI: Define your boundary for overbought in RSI-TOPOLOGY.
+OVER SOLD RSI: Define your boundary for oversold in RSI-TOPOLOGY.
(Visual)
+Transparency: affect colors of rainbow!
Wish you good deals!
BY USING PLZ DO NOT FORGET TO BOOST IT!
Shakib.
Release Notes
2 updates are successfully updated on indicator:+Crucial Update: buy/sell suggestion in SMA|RMA|EMA is fixed.
+Visual Update: Size of buy/sell status could be defined by user now.
Best regards.
PLZ BOOST IT.
Release Notes
Replacement for SMA with WMA.Release Notes
Critical updates on BUY/SELL indicator.Release Notes
+Update: buy/sell signal+Added: RSI_ATR measurement
Release Notes
Added: New Average Method that I want to implement it for the first time ever not only in tradingview, but also in the world ;) , I call it "Pareto Mean" because it is based on Pareto famous idea about 20%-80% in economics.
By check-in Pareto it will be apeared on your plot.
Release Notes
Added:Draw Gaussian Mean
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.