OPEN-SOURCE SCRIPT
PowerLine by Dhruv
This indicator provide short term trend information.
1. Green bar color indicates bullish trend and vice-versa for Red bar.
2. Dark green color indicates bar close higher than previous bar.
3. Dark red color indicates bar close lower than previous bar.
4. Bar close above green line indicates strong bullish trend.
5. Bar close below red line indicates strong bearish trend.
1. Green bar color indicates bullish trend and vice-versa for Red bar.
2. Dark green color indicates bar close higher than previous bar.
3. Dark red color indicates bar close lower than previous bar.
4. Bar close above green line indicates strong bullish trend.
5. Bar close below red line indicates strong bearish trend.
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.
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
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.
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.