Trend Finder is an indicator designed to identify breakouts and breakdowns based on specified timeframes. It monitors the previous high and low prices and changes the bar color when the current close price surpasses these levels.
Features
Customizable Timeframes: Set your preferred high/low and close resolutions. Visual Alerts: Bars turn lime green on breakout above the previous high and red on breakdown below the previous low. Alert Conditions: Receive notifications when significant price movements occur.
This indicator is for educational purposes only and should not be considered as financial advice. Always perform your own analysis before making trading decisions.
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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