OPEN-SOURCE SCRIPT
Trendline deluxe
Trendline deluxe
As someone said:
"The best trend indicator is when you print the chart, put it on the wall
and take a few steps back. If you now can identify the trend you're done!"
This is an attempt of doing the same thing...
I find it handy to switch the color of the trendline depending on the where
the Trend is going. Especially when zooming in on the chart, the color tells
you what the overall Trend is.
Trendline deluxe comes with an extra twist in that it can be colored according
to your Stock index of choice, but still be plotted according to the Stock at hand.
As someone said:
"The best trend indicator is when you print the chart, put it on the wall
and take a few steps back. If you now can identify the trend you're done!"
This is an attempt of doing the same thing...
I find it handy to switch the color of the trendline depending on the where
the Trend is going. Especially when zooming in on the chart, the color tells
you what the overall Trend is.
Trendline deluxe comes with an extra twist in that it can be colored according
to your Stock index of choice, but still be plotted according to the Stock at hand.
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.