This is just a slightly altered version of Lazy Bear's great indicator with the added feature to draw the explosion line in different colors while it is currently rising or falling.
Release Notes
code clean-up
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correction
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update screenshot
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update screenshot
Release Notes
update screenshot
Release Notes
update chart
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- Remove DeadZone to work with Alt-Coins. - New Screenshot
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Improve default appearance.
Release Notes
[explosion line] - introduce'additional 'prep' level color - full highlight only when trend is above explosion level.
Release Notes
update screenshot
Release Notes
Explosion line now includes all signal information coded into 4 different colors:
- red: neutral no signal - orange: explosion line is rising but no strong trend - green: trend above explosion level - lime: increasing trend above explosion level. FULL SIGNAL
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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