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On the grand stage of the financial market, every trader is looking for a partner who can lead them to dance the tango well. The "Twisted Pair" indicator is that partner who dances gracefully in the market fluctuations. It weaves the rhythm of the market with two lines, helping traders to find the rhythm in the market's dance floor.
Imagine when the market is as calm as water, the "Twisted Pair" is like two ribbons tightly intertwined. They almost overlap on the chart, as if whispering: "Now, let's enjoy these quiet dance steps." This is the market consolidation period, the price fluctuation is not significant, traders can relax and slowly savor every detail of the market.
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However, the maestro of the market always likes to change the melody unexpectedly. When volatility suddenly increases, it's like the rhythm of the music speeding up, and the originally quiet dance floor suddenly becomes lively. At this point, the two lines of the "twisted pair" start to separate, they are like dancers ignited by passion, each showing their unique dance moves. The moment these two lines separate, it's like telling the traders: "Are you ready? The market is about to dance, it's time to show off your dancing skills!”
The changes in the "Twisted Pair" indicator are like a barometer of market sentiment. When the two lines are closely connected, the market sentiment is stable, and traders can observe calmly and wait for opportunities. However, when they separate, the market sentiment is high, and traders need to react quickly to capture those moments that could bring profits.
The calculation method of this indicator is like a carefully choreographed dance. It captures the dynamics of the market by calculating the average price, the weighted moving average of the trading volume, and the short-term deviation of the price. These calculations are like the steps of the dancers, each step precise and powerful, ensuring that traders can keep up with the market rhythm.
In practical application, the "Twisted Pair" indicator is not just a static chart line, it is more like a living dance partner. It can sense changes in the market and guide traders to respond flexibly in the market dance floor. Whether in the calm period of the market or during volatility, it can provide clear signals to help traders make wise decisions.
Now, let's describe the market logic of this code in natural language:
  • HJ_1: This is the foundation of the market dance steps, by calculating the average price and trading volume, setting the tone for the market rhythm.
  • HJ_2 and HJ_3: These two lines are the arms of the dance partner, they help traders identify the long-term trend of the market through smoothing.
  • HJ_4: This is a magnifying glass for market sentiment, it reveals the tension and excitement of the market by calculating the short-term deviation of the price.
  • A7 and A9: These two lines are the guide to the dance steps, they separate when the market volatility increases, guiding the traders in the right direction.
  • WATCH: This is the signal light of the dance, when the two lines overlap, the market is calm; when they separate, the market is active.
The "Twisted Pair" indicator is like a carefully choreographed dance, it allows traders to find their own rhythm in the market dance floor, whether in a calm slow dance or a passionate tango. Remember, the market is always changing, and the "Twisted Pair" is the perfect dance partner that can lead you to dance out brilliant steps. Next, this cat will introduce the TradingView code for this indicator:
The script of this "Twisted Pair" uses three different types of moving averages: EMA (Exponential Moving Average), DEMA (Double EMA), and TEMA (Triple EMA). These types can be selected by the user through exchange input.
Here are the main functions of this code:
  1. Defined the DEMA and TEMA functions: These two functions are used to calculate the corresponding moving averages. EMA is the exponential moving average, which is a special type of moving average that gives more weight to recent data. In the first paragraph, ema1 is the EMA of "length", and ema2 is the EMA of ema1. DEMA is 2 times of ema1 minus ema2.
  1. Let users choose to use EMA, DEMA or TEMA: This part of the code provides an option for users to choose which type of moving average they want to use.
  1. Defined an algorithm called "Twisted Pair algorithm": This part of the code defines a complex algorithm to calculate a value called "HJ". This algorithm involves various complex calculations and applications of EMA, DEMA, TEMA.
  1. Plotting charts: The following code is used to plot charts on Tradingview. It uses the plot function to draw lines, the plotcandle function to draw candle (K-line) charts, and yellow and red to represent different conditions.
  1. Specify colors: The last two lines of code use yellow and red K-line charts to represent the conditions of HJ_7. If the conditions of HJ_7 are met, the color of the K-line chart will change to the corresponding color.
 
 
Manuel d'utilisation de l'indicateur technique L3 Emotion Line de TradingViewTradingView L3 Emotion Line Technical Indicator User Manual
blackcat1402
blackcat1402
This cat is an esteemed coding influencer on TradingView, commanding an audience of over 8,000 followers. This cat is proficient in developing quantitative trading algorithms across a diverse range of programming languages, a skill that has garnered widespread acclaim. Consistently, this cat shares invaluable trading strategies and coding insights. Regardless of whether you are a novice or a veteran in the field, you can derive an abundance of valuable information and inspiration from this blog.
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