OPEN-SOURCE SCRIPT
GP - Long Short Scanner
This script is made to predict the point at which price-time charts will rise or fall. The script was inspired by the RSI and TSI formulas. The formula is simply; Calculates the RSI and TSI values of open, high, low and close. Calculated values are converted to an array. The maximum and minimum values in the array are taken for the candles included in the calculation. These values calculate the time when the "Long" label will be seen on the chart of the candle that will increase the price. At the same time, it calculates the time when the "Short" label will appear on the chart of the candle that will decrease the price. Although these calculations are not precise; Seeing the “Long” label means that the price will rise at that candle, and seeing the “Short” label means that the price will decrease at that candle. The “Long”, “Short” tags from this script alone should not be used to determine the direction of the price. It can be used on all price-time charts.
Open-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.
Disclaimer
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