OPEN-SOURCE SCRIPT
Updated Trend Balance Point System by Welles Wilder
This is the original Trend Balance Point System created by Welles Wilders in 1978, rules can be found in his book New Concepts in Technical Trading Systems.
Release Notes
This is the original Trend Balance Point System created by Welles Wilders in 1978, rules can be found in his book New Concepts in Technical Trading Systems.Release Notes
Fixed some bugs.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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