RicardoSantos

[RS]Donchian HL Width - Cycle Information

Experimental:
some information on cyclical new peaks using Donchian Channel % Widths.
Release Notes: update to use arrays(theres a difference to old avg cycle as it was a exponential function, now uses array.avg()), plus some slight logic updates.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

500 coins
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Hello @RicardoSantos
Does the script repaint itself?
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This publication will be featured in our "Best Scripts of The Month" selection. Thank you for your valuable contribution to the TradingView community, and congrats!
+1 Reply
Hi Boss, when the cycle counter crosses over the cycle average what does that signify? Awaiting your response. Thanks.
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RicardoSantos ilesanmipepsi
@ilesanmipepsi, it means its over the average.. longer than usual..
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ilesanmipepsi RicardoSantos
@RicardoSantos, that's very quick! So, one could continue to hold an asset or sell it in such case? Thanks.
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Great indicator. Is there any way to create a red to green and green to red alert once bar closes?
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red green zig zag can disclose the cycle very accurate. thanks for sharing.
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Wow! Fantastic script! Can you elaborate a bit, explain a bit more how the cycle counter works? Thanks mate!
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