OPEN-SOURCE SCRIPT
Cosmic Angle
Updated
This is a histogram that can display a moving average's angle and also show how volatile the change in angle is.
To use:
(*1) This setting affects the bar colors. It represents the minimum difference in degrees between the n and n-1 bars' angle to force a change of color.
To use:
- Add any moving average indicator to the chart
- Click that indicator's More > Add Indicator on (MA)
- Select the Cosmic Angle indicator
- Adjust the Cosmic Angle's Price To Bar Ratio value to reflect that of your chart's
- Adjust the Cosmic Angle's Threshold as per your liking (*1)
(*1) This setting affects the bar colors. It represents the minimum difference in degrees between the n and n-1 bars' angle to force a change of color.
Release Notes
UPDATES- Implemented Guides Position setting
- Updated example to use an extra "smoothing" moving average
NOTES
If your base moving average uses a short timeframe, the Cosmic Angle will likely look jagged and hard to read. An easy way to fix this problem is to add an extra moving average in between to smooth out the final output. In this example, a WMA with a short length of 9 is added onto the original SMMA and is then set as the source for the Cosmic Angle, producing a more relevant chart.
Release Notes
- renamed get_degrees to get_slope
- updated slope calculation
- added bend plot
The bend shows when the slope itself is getting bigger or smaller. See the code for how to apply bend coloring to any moving average plot.
Release Notes
Refactored the bend feature into a separate indicator called Cosmic Vector.Release Notes
upgraded to version 5Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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👀 Watch on TikTok: shorturl.at/gzAPW
🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
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.