Screenshot 2024-08-16 102330.png

Is it possible for anyone to help convert this for the community? Many thanks in advance.
https://www.tradingview.com/script/qZ9E ... lta-Trend/

Code: Select all

// 4H Delta//Weekly Delta
// By TheBullTrader-Use Daily Time frame
// Trade Bullish when green and red is above 0.000 and Trade Short when both are below 0.000
study(title="Daily Delta Trend",overlay = false, shorttitle="Daily Delta Trend")


W_C=security(tickerid,"D",close)
W_O=security(tickerid,"D",open)



//
D=W_C-W_O
D1 = sma(W_C-W_O,50)
D2=sma(W_C-W_O,200)

D3=ema(D1,50)
D4=ema(D2,200)
//

//plot(D1,color=green)
//plot(D2,color=red)
plot(D3,color=green,style=histogram)
plot(D4,color=red,style=histogram)

The blue histogram is 200MA. The green is 50MA. It does not give out signals every day, but it once in two or three days. The general sign to buy or sell is when both align and moving the same direction.

I love the way the indicator turns. It is not the holy grail, but it is fairly accurate in that even when there is a spike the other way, it eventually (within 24 hours when using 15-minute timeframe), corrects. If it does not turn after such a time, one can always get out for a small loss.

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Re: Already Converted TradingView Indicators to MT4 Indicators