OPEN-SOURCE SCRIPT
SILA trend indicator v1.0
My new indicator "SILA 1.0".
BestMA + BarColor + WOW = SILA 1.0 (3 in 1)
For:
1MN, 1W, 1D
Any pair
Background:
lime background = uptrend
red background = downtrend
NA color background = 50/50
Lines
0 lines = no trend
1 upper line = weak downtrend
2 upper lines = normal downtrend
3 upper lines = strong downtrend
1 lower lines = weak uptrend
2 lower lines = normal uptrend
3 lower lines = strong uptrend
BestMA + BarColor + WOW = SILA 1.0 (3 in 1)
For:
1MN, 1W, 1D
Any pair
Background:
lime background = uptrend
red background = downtrend
NA color background = 50/50
Lines
0 lines = no trend
1 upper line = weak downtrend
2 upper lines = normal downtrend
3 upper lines = strong downtrend
1 lower lines = weak uptrend
2 lower lines = normal uptrend
3 lower lines = strong uptrend
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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