OPEN-SOURCE SCRIPT

NSDT Trend Candles

Updated

This script changes the color of the candles based on uptrend (green), downtrend (red), neutral/chop (yellow). It uses an ATR and Pivots to determine the direction, or lack of. Since all markets move differently and market volatility changes, you will need to adjust the settings to find a potential match for the day. It's pretty simple to use. Just enter in the direction of the trend and exit (or reverse) when the candle color changes.

Release Notes

Script was having an issue working on some crypto assets as mentioned by some users. The Pinecoders group found that I had reversed ATR Length and ATR Range references. The issue has been resolved.

Release Notes

Updated code to Pinescript V5.

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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NorthStarDayTrading

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