OPEN-SOURCE SCRIPT
ChangeTrend [kingthies_]
Updated
% X Change Over Y Amount of Time
AKA "ChangeTrend"
Published by user Eric Thies [kingthies_] on 9/3/2020
Description
Relatively simple script that is measuring the performance of the input over the previous y # bars.
The EMA appears to make troughs and peaks easy to see coming / look at as they happen.
Interpretation:
Cheers,
AKA "ChangeTrend"
Published by user Eric Thies [kingthies_] on 9/3/2020
Description
Relatively simple script that is measuring the performance of the input over the previous y # bars.
The EMA appears to make troughs and peaks easy to see coming / look at as they happen.
Interpretation:
- Orange Histogram Represents the immediate % Change
- Yellow Histogram represents the overall trend of such as an SMA of the same Y # of bars.
Cheers,
Release Notes
Upgraded to pine v5Open-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.
Want to use this script on a chart?
Eric Thies
Disclaimer
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