OPEN-SOURCE SCRIPT
DTS- Dynamic Trend Signal
Dynamic Trend Signal
The Dynamic Trend Signal indicator is a powerful and highly customizable tool designed for traders who want clear and actionable signals to guide their trading decisions. This indicator leverages the relationship between two moving averages and the current price to provide concise buy/sell recommendations while visually enhancing your chart with professional-grade features.
Key Features:
Actionable Trading Signals:
STRONG BUY / NO SELL: When the price is above both moving averages.
BUY / NO SELL: When the price is above the longer moving average but below the shorter moving average.
NO BUY / SELL: When the price is below the longer moving average but above the shorter moving average.
STRONG SELL / NO BUY: When the price is below both moving averages.
Dynamic Signal Table:
Displays real-time trading signals in a convenient table format.
Automatically updates based on market conditions.
Customizable table position (top-left, top-right, bottom-left, or bottom-right).
Dynamic background and text colors for improved visibility:
Green shades for bullish signals.
Red shades for bearish signals.
Customizable Moving Averages:
Configure each moving average independently:
Choose between Simple Moving Average (SMA) and Exponential Moving Average (EMA).
Set unique lengths, colors, and line thickness for each average.
Default settings:
MA1: Short-term (8-period) with thickness 1.
MA2: Long-term (20-period) with thickness 2.
Optional Crossover Alerts:
Visual and textual alerts for moving average crossovers:
BUY: When the shorter moving average crosses above the longer moving average.
SELL: When the shorter moving average crosses below the longer moving average.
Crossover alerts are disabled by default but can be easily enabled in settings.
Ease of Use:
Intuitive interface with clean and professional visuals.
Fully customizable to fit any trading strategy or chart style.
How It Helps Traders:
The Dynamic Trend Signal simplifies market analysis by removing guesswork and focusing on clear, data-driven signals. Whether you're a beginner looking for straightforward guidance or an experienced trader seeking to enhance your strategy, this indicator provides:
Confidence in decision-making with clear buy/sell signals.
Customization to align with your unique trading approach.
Clarity through visually appealing, color-coded signals and alerts.
Ideal For:
How to Use:
Add the Dynamic Trend Signal indicator to your chart.
Adjust the moving average lengths, types, colors, and thickness to suit your trading strategy.
Monitor the signal table for actionable recommendations.
Optionally enable crossover alerts for real-time buy/sell notifications.
Unlock the power of clear and actionable trading signals with the Dynamic Trend Signal! Add it to your TradingView chart today and take your trading strategy to the next level.
The Dynamic Trend Signal indicator is a powerful and highly customizable tool designed for traders who want clear and actionable signals to guide their trading decisions. This indicator leverages the relationship between two moving averages and the current price to provide concise buy/sell recommendations while visually enhancing your chart with professional-grade features.
Key Features:
Actionable Trading Signals:
STRONG BUY / NO SELL: When the price is above both moving averages.
BUY / NO SELL: When the price is above the longer moving average but below the shorter moving average.
NO BUY / SELL: When the price is below the longer moving average but above the shorter moving average.
STRONG SELL / NO BUY: When the price is below both moving averages.
Dynamic Signal Table:
Displays real-time trading signals in a convenient table format.
Automatically updates based on market conditions.
Customizable table position (top-left, top-right, bottom-left, or bottom-right).
Dynamic background and text colors for improved visibility:
Green shades for bullish signals.
Red shades for bearish signals.
Customizable Moving Averages:
Configure each moving average independently:
Choose between Simple Moving Average (SMA) and Exponential Moving Average (EMA).
Set unique lengths, colors, and line thickness for each average.
Default settings:
MA1: Short-term (8-period) with thickness 1.
MA2: Long-term (20-period) with thickness 2.
Optional Crossover Alerts:
Visual and textual alerts for moving average crossovers:
BUY: When the shorter moving average crosses above the longer moving average.
SELL: When the shorter moving average crosses below the longer moving average.
Crossover alerts are disabled by default but can be easily enabled in settings.
Ease of Use:
Intuitive interface with clean and professional visuals.
Fully customizable to fit any trading strategy or chart style.
How It Helps Traders:
The Dynamic Trend Signal simplifies market analysis by removing guesswork and focusing on clear, data-driven signals. Whether you're a beginner looking for straightforward guidance or an experienced trader seeking to enhance your strategy, this indicator provides:
Confidence in decision-making with clear buy/sell signals.
Customization to align with your unique trading approach.
Clarity through visually appealing, color-coded signals and alerts.
Ideal For:
- Swing Traders
- Day Traders
- Trend Followers
- Traders looking to integrate a dynamic, rule-based approach to their analysis.
How to Use:
Add the Dynamic Trend Signal indicator to your chart.
Adjust the moving average lengths, types, colors, and thickness to suit your trading strategy.
Monitor the signal table for actionable recommendations.
Optionally enable crossover alerts for real-time buy/sell notifications.
Unlock the power of clear and actionable trading signals with the Dynamic Trend Signal! Add it to your TradingView chart today and take your trading strategy to the next level.
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.
Want to use this script on a chart?
no pain, no gain
Unveiling illusions, revealing wealth
Unveiling illusions, revealing wealth
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.