OPEN-SOURCE SCRIPT

Noro's SILA v1.4

New sensivity

Now 2 types of sensitivity. Uptrend-Sensivity and Downtrend-Sensivity.

For example:

Uptrend-Sensivity = 3 and Downtrend-Sensivity = 5 is for a very bullish market
(U-S < D-S)

Uptrend-Sensivity = 5 and Downtrend-Sensivity = 3 is for a very bearish market
(U-S > D-S)

Low-risk

Uptrend-Sensivity = 6 and Downtrend-Sensivity = -1 (minus one) is a low-risk strategy

New settings

Minimum of sensivity = -6
Maximum of sensivity = +6
silaTrend Analysisvanga

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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