OPEN-SOURCE SCRIPT
A Sin For Directions ROC Adaptive Length Trend Following
In the same family as the slope trend indicator, but with this one being based on the function x - sinx , which mimics prices moving down and up. Using this we use ROC to determine a lower and upper level which will indicate whether not the path is still being followed.
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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