OPEN-SOURCE SCRIPT
Multi-Trend
Updated
Multi-Trend is an indicator that simplifies the task of tracking market trends across up to 10 custom timeframes. With the flexibility to select your preferred timeframes, with current or any specific data in past, this indicator offers a clear visual representation of the market's direction.
For each chosen timeframe and history, Multi-Trend provides a straightforward arrow-based signal system: an upward arrow signifies a rising market, a downward arrow indicates a falling market, and a right arrow denotes a market at equilibrium. These default symbols can be effortlessly personalized to your choice of symbols or text, allowing you to tailor the indicator to your specific needs.
The trend direction is calculated using a reliable methodology based on the percentage change in the close price for the selected timeframe.
For each chosen timeframe and history, Multi-Trend provides a straightforward arrow-based signal system: an upward arrow signifies a rising market, a downward arrow indicates a falling market, and a right arrow denotes a market at equilibrium. These default symbols can be effortlessly personalized to your choice of symbols or text, allowing you to tailor the indicator to your specific needs.
The trend direction is calculated using a reliable methodology based on the percentage change in the close price for the selected timeframe.
Release Notes
Updated: the missing 'Past' keyword for historical data.Release Notes
Removed: code cleanup.Release Notes
Added: Now, users have the flexibility to choose between using the opening price or the previous close to calculate market trends. Release Notes
Added: Introducing a new feature - Volume trends. Now, you have the option to display volume trends, providing additional insights into market dynamics. Explore and analyze trading volumes effortlessly with this latest enhancement.
Release Notes
Versions updated for imported libraries.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?
Faiyaz Haider
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.