OPEN-SOURCE SCRIPT
NTMI Naji's Trending Market Index made by Naji EL HAJJ HASSAN
This is the functional final version, with time zones for clean market time open and close. Compares today’s price movement during a selected intraday time window against the same window from previous days.
Full Description
Relative Trending Relative Index helps identify whether the market is moving normally, unusually quietly, or unusually strongly during a chosen part of the trading day.
Choose a start point such as market open or a custom time, choose an end point such as now, a fixed number of hours after the start, or a custom time, then select how many previous days to compare against. The indicator shows one percentage number:
100% = current movement is normal
Below 100% = current movement is quieter than usual
Above 100% = current movement is stronger than usual
The comparison can use median/typical range or mean/average range, with median being useful for reducing the effect of extreme news days.
Full Description
Relative Trending Relative Index helps identify whether the market is moving normally, unusually quietly, or unusually strongly during a chosen part of the trading day.
Choose a start point such as market open or a custom time, choose an end point such as now, a fixed number of hours after the start, or a custom time, then select how many previous days to compare against. The indicator shows one percentage number:
100% = current movement is normal
Below 100% = current movement is quieter than usual
Above 100% = current movement is stronger than usual
The comparison can use median/typical range or mean/average range, with median being useful for reducing the effect of extreme news days.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。