OPEN-SOURCE SCRIPT
[RS]Extreme Diferential Indicator
Measures price distance from extremes.
Ranging closer to 0 means topping/bottoming (this can stay in this state for a long time), (price near extreme).
Can be used to peak trend reversals(will need to keep doing tests with it)
EXPERIMENTAL --> Use at your own risk.
Ranging closer to 0 means topping/bottoming (this can stay in this state for a long time), (price near extreme).
Can be used to peak trend reversals(will need to keep doing tests with it)
EXPERIMENTAL --> Use at your own risk.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.