OPEN-SOURCE SCRIPT

Fusion: Aroon trend matching with dual thresholds 2

3 076
Same as previous one, just making the code publicly available.

You set an upper and lower threshold and when both are met a direction is determined.

I use this primarily as a confirmation indicator of a trend.

The addition to the normal Aroon is simply the threshold settings and the visuals. There is even an option to see the length you are using which I find useful when the length is long, say 40+ so you don't forget that it's considerably longer than how it's normally used.

Additionally it defaults to the normal colors we are familar with for up and down (long/short) but you can choose Aroon colors if you wish with just a checkbox.

The length is certainly not optimized so set to whatever suits your needs. The Aroon default is 14, I used 6 for one particular case so that's what it ended up being for this indicator.

I default to a dark theme so if you are using a light theme you may need to change some brightness settings.

Finally, if you find value please do make a comment, give a thumbs up etc.

Enjoy and good luck!

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.