OPEN-SOURCE SCRIPT
Updated [Mad]Trend Barcolors
Trend colors based on PSA and selectable Ma's.
classic PSAR trend mixed with 2 selectable MA's switching between Bullish Neutral Baerish
the switching logic is in colorlogic()
usage: colorswitch maybe one entry.
if you want to trade with a trend example: green yellow, green << entry (long)
if you want to trade against a trend example: green yellow red (entry short)
This is not an indicator that works on its own, it is a helper in a decision, never a single instrument is possible.
have fun
classic PSAR trend mixed with 2 selectable MA's switching between Bullish Neutral Baerish
the switching logic is in colorlogic()
usage: colorswitch maybe one entry.
if you want to trade with a trend example: green yellow, green << entry (long)
if you want to trade against a trend example: green yellow red (entry short)
This is not an indicator that works on its own, it is a helper in a decision, never a single instrument is possible.
have fun
Release Notes
multibit implementationRelease Notes
libary updateOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
djmad|Bitblockart
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
djmad|Bitblockart
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.