PROTECTED SOURCE SCRIPT
Updated Power Trend by Atilla Yurtseven
Power Trend is the indicator that i have developed for myself and would like to share with you.
Power Trend automatically detects High / Low points and draw trend lines. If you have a look at the graph, you can simply draw a line over last 2 points to combine them and see the trends current state. You can also change High and Low points' sources. I often use Horizontal trend lines by selecting "close" for both High and Low sources.
I also love to use Horizontal Trends. They usually shows breakouts. Expect a breakout when lines are close to each other.
Remember; this is a lagging indicator. If there is a point in the current bar, indicator will draw it after 2 bars!
Disclaimer: All the information in this article, including the algorithm/indicator, was provided and published for informational purposes only and should not be considered legal or financial advice.
Happy trading :)
Atilla Yurtseven
Power Trend automatically detects High / Low points and draw trend lines. If you have a look at the graph, you can simply draw a line over last 2 points to combine them and see the trends current state. You can also change High and Low points' sources. I often use Horizontal trend lines by selecting "close" for both High and Low sources.
I also love to use Horizontal Trends. They usually shows breakouts. Expect a breakout when lines are close to each other.
Remember; this is a lagging indicator. If there is a point in the current bar, indicator will draw it after 2 bars!
Disclaimer: All the information in this article, including the algorithm/indicator, was provided and published for informational purposes only and should not be considered legal or financial advice.
Happy trading :)
Atilla Yurtseven
Release Notes
Updated version of Power Trend indicatorProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
I know Kung-Fu!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
I know Kung-Fu!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.