OPEN-SOURCE SCRIPT

TrendRangeIdentifier V3

This is non-overlay version of
TrendRangeIdentifier V2


Since, we plot trend value which keeps incrementing/decrementing upon every step, this also helps us in identifying strength of trend and how long the trend is going on.

Other changes:

  • Removed display of channels
  • Coloring candles made optional
Average True Range (ATR)Trend AnalysistrendrangeVolatility

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.

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