OPEN-SOURCE SCRIPT
Cập nhật Trend Scope
Introduction:
The Trend Scope presents a cutting-edge approach to technical analysis, offering traders a distinctive perspective on market momentum through dynamic visualization. This innovative indicator harmoniously blends the momentum-based Rate of Change (RoC) with the smoothing precision of a Butterworth filter and the clarity of a Fisher Transform, all encapsulated within an intuitive color-coded environment.
How Trend Scope Works:
The Trend Scope operates on a multi-faceted computational framework:
1. Rate of Change (RoC): The core of Trend Scope, RoC, measures the velocity of price movements, providing an initial momentum footprint that is both raw and telling.
2. Butterworth Filter: To refine the momentum signal and strip away the erratic noise of the market, we introduce the Butterworth filter. Celebrated for its flat frequency response, it ensures the retention of the signal's integrity with minimal lag.
3. Fisher Transform: To further distill the signal, the Fisher Transform is applied. It recalibrates the smoothed data to fit within specified bounds, thus accentuating the extremities of price actions where potential reversals might loom.
4. Adaptive Color Bands: The centerpiece of the Trend Scope's visual prowess lies in its adaptive color bands. These bands stretch over the momentum landscape, painted in vivid reds and greens based on the directional bias of the smoothed RoC. Intensity varies with momentum strength, offering an immediate, graphical representation of market trends.
Why Trend Scope Stands Out:
In the crowded realm of market indicators, Trend Scope distinguishes itself with its visual-forward approach and adaptive nuances. The intensity-adapting bands offer an instant read on the market's pulse—brighter shades signal stronger momentum, while muted tones suggest caution.
Key Features:
- Momentum Intensity Bands: Instead of mere lines, the Trend Scope deploys color bands that dynamically adapt in opacity to reflect the strength of the trend, making it easier for traders to spot significant movements at a glance.
- Volatility-Sensitive Smoothing: By leveraging the Butterworth filter, the Trend Scope finely tunes the noise reduction process in sync with the asset's natural volatility, ensuring the trends are not only smooth but also relevant.
- Sharper Reversal Signals: The Fisher Transform sharpens the ability to spot potential turning points, providing a statistical edge in anticipating market movements.
- Customizable Parameters: The Trend Scope is fully customizable, allowing traders to calibrate the indicator to the unique demands of different assets and market conditions.
The Trend Scope presents a cutting-edge approach to technical analysis, offering traders a distinctive perspective on market momentum through dynamic visualization. This innovative indicator harmoniously blends the momentum-based Rate of Change (RoC) with the smoothing precision of a Butterworth filter and the clarity of a Fisher Transform, all encapsulated within an intuitive color-coded environment.
How Trend Scope Works:
The Trend Scope operates on a multi-faceted computational framework:
1. Rate of Change (RoC): The core of Trend Scope, RoC, measures the velocity of price movements, providing an initial momentum footprint that is both raw and telling.
2. Butterworth Filter: To refine the momentum signal and strip away the erratic noise of the market, we introduce the Butterworth filter. Celebrated for its flat frequency response, it ensures the retention of the signal's integrity with minimal lag.
3. Fisher Transform: To further distill the signal, the Fisher Transform is applied. It recalibrates the smoothed data to fit within specified bounds, thus accentuating the extremities of price actions where potential reversals might loom.
4. Adaptive Color Bands: The centerpiece of the Trend Scope's visual prowess lies in its adaptive color bands. These bands stretch over the momentum landscape, painted in vivid reds and greens based on the directional bias of the smoothed RoC. Intensity varies with momentum strength, offering an immediate, graphical representation of market trends.
Why Trend Scope Stands Out:
In the crowded realm of market indicators, Trend Scope distinguishes itself with its visual-forward approach and adaptive nuances. The intensity-adapting bands offer an instant read on the market's pulse—brighter shades signal stronger momentum, while muted tones suggest caution.
Key Features:
- Momentum Intensity Bands: Instead of mere lines, the Trend Scope deploys color bands that dynamically adapt in opacity to reflect the strength of the trend, making it easier for traders to spot significant movements at a glance.
- Volatility-Sensitive Smoothing: By leveraging the Butterworth filter, the Trend Scope finely tunes the noise reduction process in sync with the asset's natural volatility, ensuring the trends are not only smooth but also relevant.
- Sharper Reversal Signals: The Fisher Transform sharpens the ability to spot potential turning points, providing a statistical edge in anticipating market movements.
- Customizable Parameters: The Trend Scope is fully customizable, allowing traders to calibrate the indicator to the unique demands of different assets and market conditions.
Phát hành các Ghi chú
Removed some unnecessary codePhát hành các Ghi chú
Minor changes to the nameMã nguồn mở
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Mã nguồn mở
Theo đúng tinh thần TradingView, người tạo ra tập lệnh này đã biến tập lệnh thành mã nguồn mở để các nhà giao dịch có thể xem xét và xác minh công năng. Xin dành lời khen tặng cho tác giả! Mặc dù bạn có thể sử dụng miễn phí, nhưng lưu ý nếu đăng lại mã, bạn phải tuân theo Quy tắc nội bộ của chúng tôi.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.