OPEN-SOURCE SCRIPT
LINEdicator - Trendanalysis tool
Updated
This indicator creates an trend channel based on an EMA/SMA combo and a Parabolc SAR indicator.
Watch for the peaks and the size of the red/green channel for possible trend change.
Can also be used as an Entry/Exit/Stop-Loss setting tool.
Watch for the peaks and the size of the red/green channel for possible trend change.
Can also be used as an Entry/Exit/Stop-Loss setting tool.
Release Notes
- forgot some plot titles...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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