Rudra Chakra

A readymade template. Helps you to identify trend, momentum at a glance.
Blue dots for +momentum and red for -momentum.

Also the background Green, orange and red indicate the shift in trend. Buy signals indicate more than avg buying in some timeframe.

Release Notes

background green- uptrend
background orange- uptrend fading
background red- downtrend.
Blue dots- +momentum
Red dots- -Momentum
Trend overstretched- X
Highly extended trend- XX
Buy remark- when ever there is a gap up on any time frame with more than avg volume.

Release Notes

Background
Green-Uptrend
Orange-Sideways or price getting ready for a trend change.
Red- Downtrend.
overlay Green line/redline is 50 SMA.
Blue dots: + Momentum
Red Dots: -Momentum
X: trend extended
XX : Trend over extended.
Buy: when ever there is a gap up at any time frame with more than avg volume.

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.

lalittiwari1

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

lalittiwari1