OPEN-SOURCE SCRIPT
Smeared VCI
This indicator can be used to enter the market.
When the signal line crosses upwards the base line, enter short;
when the signal line crosses downwards the base line, enter long;
A filter can be used to enter short when in a downtrend or long in an uptrend.
A fair filter can be the ema(200) line defining an uptrend when price is above it or
a down trend when the price lies below.
Use at your own risk.
Hitting the like button is a free act of gratitude.
Have fun.
When the signal line crosses upwards the base line, enter short;
when the signal line crosses downwards the base line, enter long;
A filter can be used to enter short when in a downtrend or long in an uptrend.
A fair filter can be the ema(200) line defining an uptrend when price is above it or
a down trend when the price lies below.
Use at your own risk.
Hitting the like button is a free act of gratitude.
Have fun.
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
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