OPEN-SOURCE SCRIPT

TREND FOLLOWING ADD POSITION

Complimentary to my trend following system, I am trying to easily spot the best points to add positions.

I'm using the same concept of HHHC and LLLC but when they go agains the trend withouth breaking it, in other words just a corrections with momentum which may be a good indication of oversold in and uptrend or overbought in a downtrend.
Moving AveragesTrend Analysis

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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