OPEN-SOURCE SCRIPT
LabTrend SSL [Loxx]
LabTrend SSL [Loxx] is based on the popular ASCTrend. This version adds an SSL channel to show the macro trend.
What is Lab Trend?
LabTrend is a complete trading indicator developed by Igorad and is based on the popular ASC Trend. LabTrend is the market "direction" indicator. It shows trend direction by colors, when the market changes to or stays in an up-trend, the bars become or remain GREEN. When the market changes to or stays in a downtrend, the bars become or remain RED. When the market goes sideways or is not strong on either side, the bars become or remain WHITE. This version adds an SSL channel to show the core major trend while bar coloring changes on the micro trend.
Included:
What is Lab Trend?
LabTrend is a complete trading indicator developed by Igorad and is based on the popular ASC Trend. LabTrend is the market "direction" indicator. It shows trend direction by colors, when the market changes to or stays in an up-trend, the bars become or remain GREEN. When the market changes to or stays in a downtrend, the bars become or remain RED. When the market goes sideways or is not strong on either side, the bars become or remain WHITE. This version adds an SSL channel to show the core major trend while bar coloring changes on the micro trend.
Included:
- Bar coloring
- Signals
- Alerts
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.
Want to use this script on a chart?
Public Telegram Group, t.me/algxtrading_public
VIP Membership Info: patreon.com/algxtrading/membership
VIP Membership Info: patreon.com/algxtrading/membership
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.