OPEN-SOURCE SCRIPT
Updated HLC Trend Identifier
Identifies trends based on a comparison of a High, Low, and Close moving average.
Optionable: By default the Moving Average type is set to EMA but is switchable to a SMA instead.
Optionable: By default it shows cloud coloring of Green or Red based on crossover points.
Optionable: By default it colors the indicator background:
- Green = uptrend
- Red = downtrend
- Yellow = neutral
Optionable: By default the Moving Average type is set to EMA but is switchable to a SMA instead.
Optionable: By default it shows cloud coloring of Green or Red based on crossover points.
Optionable: By default it colors the indicator background:
- Green = uptrend
- Red = downtrend
- Yellow = neutral
Release Notes
- Added multiple Moving Average optionsOpen-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.
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.
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.