OPEN-SOURCE SCRIPT
Trend Trading
This strategy is designed to capture key market reversals using a well-known trend-following approach. It generates buy signals when it detects a shift in the market momentum from a bearish phase to a bullish one, indicating a potential upward trend. Sell signals are triggered when the market transitions from bullish to bearish, suggesting the end of the upward move and the start of a downward trend.
The strategy is complemented by clear, visual signals on the chart, with green upward arrows marking the entry points for potential buys and red downward arrows indicating exit or sell points. This helps traders capitalize on market swings with a simplified view, while the signals remain fixed even as the chart is scrolled or zoomed.
This approach is suitable for traders looking to identify and act on significant market moves, offering an intuitive way to follow trends without exposing the detailed inner workings of the algorithm.
The strategy is complemented by clear, visual signals on the chart, with green upward arrows marking the entry points for potential buys and red downward arrows indicating exit or sell points. This helps traders capitalize on market swings with a simplified view, while the signals remain fixed even as the chart is scrolled or zoomed.
This approach is suitable for traders looking to identify and act on significant market moves, offering an intuitive way to follow trends without exposing the detailed inner workings of the algorithm.
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.
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