OPEN-SOURCE SCRIPT
[feeble] Trender
Ever wondered which way the price is trending??!
feeble Trender BETA™ shows the trend based on middle crossings in different timeframes, volume weighting and volatility(std Deviations)
--The indicator displays the same on any timeframe
--Select a FROM and TO period
--Use DuPLiCaToR to make 12 copies - use values between 0.8-1.2
--Coloured bands go purple when price is below the volume-weighted mIdBaNd!
feeble Trender BETA™ shows the trend based on middle crossings in different timeframes, volume weighting and volatility(std Deviations)
--The indicator displays the same on any timeframe
--Select a FROM and TO period
--Use DuPLiCaToR to make 12 copies - use values between 0.8-1.2
--Coloured bands go purple when price is below the volume-weighted mIdBaNd!
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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