OPEN-SOURCE SCRIPT

Sentinels

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Sentinels is a playful variation on combining different mean averages (MA).
A cross of 2 user-defined MA's (MA 1 & MA 2) initiates the drawing of a sentinel with tentacles, which, on its turn can provide potential support/resistance or entry/stop-loss/take profit zones.

ảnh chụp nhanh

The type of each MA (MA 1, MA 2 and tentacles) can be chosen from following options:
  • SMA
  • EMA
  • SMMA (RMA)
  • HullMA
  • WMA
  • VWMA
  • DEMA
  • TEMA


🔹 Examples

ảnh chụp nhanh
Fast & slow MA: HullMA, Tentacles: TEMA

ảnh chụp nhanh
Fast & slow MA: SMA, Tentacles: WMA

ảnh chụp nhanh
Fast & slow MA: WMA, Tentacles: WMA

ảnh chụp nhanh
Fast & slow MA: TEMA, Tentacles: TEMA


🔶 DETAILS

🔹 Head-Body

The head-body is formed by:
  • the slow MA when there is a crossunder.
  • the fast MA when there is a crossover.

ảnh chụp nhanh

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The color of the head-body is a gradient which can be set. The color of the tentacles (non-gradient) can be set as well.

The head-body of the sentinel will be visible for maximum 60 bars after a cross has occured.

🔹 Tentacles

The length of the 'Tentacles' is calculated by taking the difference between the length of MA 1 and MA 2 , and dividing this by 6 -> diff.
The length of each tentacle is MA 1 + a multiple of diff.

The tentacles will only begin to show from 2 bars after a cross.

Each tentacle will be shown maximum x bars after the cross:
Tentacle 1: 15 bars
Tentacle 2: 20 bars
Tentacle 3: 25 bars
Tentacle 4: 30 bars
Tentacle 5: 35 bars
Tentacle 6: 40 bars

🔹 Switch lengths

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By switching lengths the colors get switched too.
Note that the tentacles act differently though.
In that way, this can be an extra option to visualize the tentacles.


🔶 Happy Holidays

Merry Christmas and a Happy New Year!

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