In the opposite, below it means downtrend.
I coded this indicator to save the efforts to compare it, make it easily to tell the uptrend/downtrend by above/below and color.
Hope you guys enjoy it, and welcome to comment.
Length:the largest of bars of the total bars numbers.
Color:the above/below colors.
Text:Remind this line is large R/S.
You can find the video tutorial in my ideas sharing.
According to feedbacks of invisible,
1.I move the label to the right.
2.The background color of label can be self-defined.
3.Make the line thicker.
Thanks for comment and share how you feel when using it.
According to feedback of indicator, some modified functions as below:
1.Self-defined extend the line to the left largest volume bar or not.(Default is yes)
2.Self-defined the width of line (1-4) to be visible.(Default is 1, thinnest)
Hope you guys enjoy it, and welcome to leave your comments below.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.