OPEN-SOURCE SCRIPT
Trend Reflector
The "Trend Reflector" is a Script that visually represents market trends on a price chart using a key moving average. Its main features include:
Trend Indicator: The script identifies market trends by evaluating price movements relative to a long-term average.
Color-Coded Background: The background color changes dynamically based on the current price position relative to the average. A green background indicates a bullish trend, while a red background signifies a bearish trend.
Chart Integration: This indicator overlays directly on the price chart, providing us with an intuitive visual cue for trend alignment.
For additional scripts and custom solutions, please feel free to reach out to me link given in signatures and Bio.
Trend Indicator: The script identifies market trends by evaluating price movements relative to a long-term average.
Color-Coded Background: The background color changes dynamically based on the current price position relative to the average. A green background indicates a bullish trend, while a red background signifies a bearish trend.
Chart Integration: This indicator overlays directly on the price chart, providing us with an intuitive visual cue for trend alignment.
For additional scripts and custom solutions, please feel free to reach out to me link given in signatures and Bio.
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.
Contact me on - t.me/Falcon_Noble_29
Disclaimer
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