PROTECTED SOURCE SCRIPT
Trend Detection with Alerts and Consolidation
Here’s a simple script in English that detects a trend based on two moving averages (MAs) and shows the trend direction on the chart. I’ll write it in Pine Script (TradingView), since it’s a common language for trading indicators:
How does it work?
* Green background — uptrend
* Red background — downtrend
* Gray background — consolidation (MAs are close to each other)
* Label with trend/consolidation description on the latest candle
Alerts triggered when the fast MA crosses the slow MA (trend change) — you can set these alerts as notifications in TradingView.
How does it work?
* Green background — uptrend
* Red background — downtrend
* Gray background — consolidation (MAs are close to each other)
* Label with trend/consolidation description on the latest candle
Alerts triggered when the fast MA crosses the slow MA (trend change) — you can set these alerts as notifications in TradingView.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.