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Ichimoku OscillatorHello All, This is Ichimoku Oscillator that creates different oscillator layers, calculates the trend and possible entry/exit levels by using Ichimoku Cloud features. There are four layer: First layer is the distance between closing price and cloud (min or max, depending on the main trend) Second layer is the distance between Lagging and Cloud X bars ago (X: the displacement) Third layer is the distance between Conversion and Base lines Fourth layer is the distance between both Leadlines If all layers are visible maning that positive according to the main trend, you can take long/short position and when main trend changed then you should close the position. so it doesn't mean you can take position when main trend changed, you need to wait for all other conditions met (all layers( there is take profit partially option. if Conversion and base lines cross then you can take profit partially. Optionally you can take profit partially when EMA line crosses Fourth layer. Optionally ATR (average true range) is used for Conversion and baseline for protection from whipsaws. you can use it to stay on the trend longer time. I added options to enable/disable the alert and customize alert messages. You can change alert messages as you wish. if you use ' close ' in the alert message then you can get closing price in the alert message when the alert was triggered. There is an option Bounce Off Support/Resistance , if there is trend and if the price bounce off Support/Resistance zone then a tiny triangle is shown. There are many other options for coloring, alerts etc. Some screenshots: Main trend: Taking/closing positions: Example alert messages: Bounce off: Colors: Colors: Colors: Non-colored background: P.S. For a few months I haven't published any new script because of some health issues. hope to be healthy and create new scripts in 2024 :) Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
139
ChArt Path"ChArt Path" shows the same datas as the candles, but as a channel, instead of individual candles. It allows to focus on the direction of the price (instead of wondering the meaning of each candle), which hopefully simplifies the analysis, and reduces the confusion. Also, it is artistically customizable! A little time might be necessary to get used to this indicator. NOTES FOR INSTALLATION: - Japanese candles might be more expressive than Heiken Ashi, with this indicator. - Hide the candles in the chart settings (right click on an empty space in the chart, then "Settings", "Symbol", and uncheck "Body", "Borders" and "Wick"). - Add "ChArt Path" to the chart. - In the indicator's settings, choose the options you prefer. The Advanced setting are tuned by default for dark themes (bgcolor: black/#0a0c12). Feel free to make them your own! HOW TO READ THE CHART? - The path is between 2 borders (black by default) that represent the body of the candle (without the wicks). - The wicks are represented around the path, as a gradient. This makes a price rejection very easy to spot, as a spike for ex. SETTINGS The standard settings are simple. You can pick 2 colors (bullish and bearish) for the path. And 1 color for the wicks. The advanced settings let you customize the wicks' colors and opacity. You can also activate the gradient of volumes inside the path, to indicate the volume behind each candle. HOW TO USE CHART PATH? I use it on 2 timeframes (direction/entry), both with FREMA Trend (See below). When there is a wick spike (price rejection), followed by an arrow signal in FREMA Trend, then there might be an opportunity. I look for confirmations from different origins, like volume, momentum, and cycles. DO NOT BASE YOUR TRADING DECISIONS ON 1 SINGLE INDICATOR'S SIGNALS. Always confirm your ideas by other means, like price action and indicators of a different nature. NOTES ABOUT THE GRADIENT OF VOLUMES: The more intense is the color, the bigger is the volume. The unit is a 400 periods moving average of the volumes, considered as 1 volume. Each color represents half of this volume. For ex: Grays indicate under (or equal) to the 400 MA (low volumes). Bright yellow represents above 7 times the 400 MA (very high volumes). When there's no available volume datas, the candles turn bright green by default.
Pine Script™ indicator
by ALifeToMake
Alex's Dikfat Velocity 2hr CCI Color SignalerAlex's Dikfat Velocity 2hr CCI Color Signaler As most traders have experienced at one time or another, over bought and oversold readings are relative in nature and do not always work as a standalone reading. Momentum indicators such as the Commodity Channel Index ( CCI ) have to be understood and read correctly to determine the value in a momentum reading. When an asset is "Overbought" or "Oversold" the reading can remain in this region Irrationally for extended periods as the market remains in irrational trend. In order to better understand this and other readings on a momentum indicator clues such as divergence, exhaustion, continuation, time and frequency as well as the actual velocity of the movement must be measured. In addition, there are very specific measurement lines on the CCI that must be read and that can reject or break and result in the asset either loosing or gaining momentum in one direction or the other. These are the dashed lines in the background. For the purposes of this Indicator, the actual function, characterization and use of CCI will not be explained here as the colored indications themselves will do all the work for you. It is very important to know that the calculations used to signal the color filling ARE NOT based on simple breaks of the dashed background lines as traditionally read with a CCI indicator. The calculations used in this Indicator are based on a very fine tuned mathematical algorithm that measure an unseen element within the CCI . When the VELOCITY of a move in momentum is met, the color fills will begin. When the VELOCITY of the move changes, so to will colorization. This has led to some of the best High Probability Long and Short Sale signaling in any CCI indicator. Pairing this with your favorite chart indicators and personal analysis will result in high tradability but can also be used stand alone. Remember: No one single indicator should ever be used to determine market signaling. A basic understanding of a CCI indicator is recommended before using this indicator. This indicator and the proprietary calculations used were built and meant to be used on the 2 Hour Timeframe. The indicator is open to all time frames and accuracy increases as the time frame increases. It is recommended that if you use this indicator on a lower timeframe, to pull CCI readings from a higher Timeframe as found in the settings. This indicator signals long and short opportunities. High Probability long and short trades, bullish and bearish divergence building, market time traps and bullish / bearish continuation as well as exhaustion of these moves. There is also a companion indicator which will signal the High Probability Long and Short trades on the candle chart called "Alex's Dikfat CCI Equity Signaler" Which will place white Triangles on the candle chart showing high probability long entries and Orange Triangles for High Probability short entries. These are also built into the CCI line and can be turned on in this indicator. Color Code: Bullish Continuation: (Background Color Black) The function of the black background colorization is to alert the user that a bullish move has begun and is currently in a strong continuation period. the longer the black background color draws, the more sustained or trending up the current move is. When these background lines begin to break and start to appear as more frequent broken background lines, exhaustion in the move can be assumed. When the black stops drawing all together, the strength of the continuation move is gone. Bearish Continuation: (Background Color Fuchsia) The function of the fuchsia background colorization is to alert the user that a bearish move has begun and is currently in a strong continuation period. the longer the fuchsia background color draws, the more sustained or trending down the current move is. When these background lines begin to break and start to appear as more frequent broken background lines, exhaustion in the move can be assumed. When the fuchsia stops drawing all together, the strength of the continuation move is gone. High Probability Long/Short: These buy and sell opportunities were designed to give a trader the best signal/entry on a Long or a Short with the highest probability of making a large and typically sustained impulse move. High Probability Long: (White Color Fill) The High Probability Long is a signal to BUY with the best possible entry on an a pending large impulse move to the upside. When White begins to fill, The long is extremely likely. The signal is confirmed on the close of the following candle after white begins to draw unless an opposing color immediately follows, or white dips below the zero line. White will always usually start just below the zero line in the highest probability scenarios. High Probability Short: (Orange Color Fill) The High Probability Short is a signal to SELL SHORT with the best possible entry on a pending large impulse move to the downside. When Orange begins to fill, The Short is extremely likely. The signal is confirmed on the close of the following candle after orange begins to draw unless an opposing color immediately follows. Some of the best entries for Orange are when it starts at the END of a black stripe in the background and better so when Orange dips below zero for entry. The signal was designed to color early enough to get in a short during consolidation before the move. Long and Short Opportunities: Long and Short opportunities are just as they sound. Coloring will signal green for a long opportunity and red for a short opportunity. These opportunities are not always guaranteed and usually result in an lesser impulse move in one direction with a shorter duration. Long Opportunity: (Green) The Long Opportunity is a signal that a Long is possible however with less likely odds of a larger more sustained move. When Green begins to fill, a long opportunity is available. The signal is confirmed on the close of the following candle after green begins to draw unless an opposing color immediately follows, or green dips below the zero line. Green will always usually start just above the zero line and have the best opportunities at the end of Bullish Divergence (Blue) at the end of Bearish Continuation (Fuchsia) or a non filled CCI . Short Opportunity: (Red) The Short Opportunity is a signal that a Short is possible however with less likely odds of a larger more sustained move. When Red begins to fill, a short opportunity is available. The signal is confirmed on the close of the following candle after red begins to draw unless an opposing color immediately follows. Some of the best entries for Red are when it starts at the END of a black stripe in the background (higher odds than other red signaling). The signal was designed to color early enough to get in a short during consolidation before the move and better so if orange develops after red. Bullish Divergence: (Dark Blue) Dark Blue colors when Bullish Divergence is detected. Bullish divergence is a signal that momentum is building higher within the asset for an up move while price action in the candle chart makes lower lows. Bullish Divergence is not a signal to buy or sell but rather a sign post to say WAIT. Bullish divergence is building and a Long is coming. Some traders will buy bullish divergence in anticipation of a move and is only equitable if you have the cash and resolve to follow it through for as long as it is developing. Buying or selling divergence right away is not always the best practice unless a hard dip below all momentum lines followed by an immediate buy signal from white or green resulting in a drop base rally. Bearish Divergence: (Dark Maroon) Dark Maroon colors when Bearish Divergence is detected. Bearish divergence is a signal that momentum is dropping out of the asset for a move lower while price action in the candle chart makes higher highs. Bearish Divergence is not a signal to buy or sell but rather a sign post to say WAIT. Bearish divergence is building and a Short is coming. Some traders will sell bearish divergence in anticipation of a move and is only equitable if you have the cash and resolve to follow it through for as long as it is developing. Buying or selling divergence right away is not always the best practice unless a hard rip above all momentum lines followed by an immediate sell signal from red or orange resulting in a rally base drop. No Color Fill: When CCI has no color fill whatsoever it is telling the trader there are no high velocity movements in momentum in any direction. Best practice is to do nothing and wait out the Time Trap currently on the chart until signaling develops. Time and Frequency: Time and frequency is notable throughout the indicator. First and foremost when CCI is not being filled it is best practice to do nothing as there is NO Velocity of Movement within the asset at that time. This is one of the most obvious of Time Traps. Bullish and Bearish Divergence is also a type of Time Trap. The longer these develop, the more weak hands are shaken out of the market and derivatives traders have their premium burned. Best practice with divergences is also to wait until adequate signaling develops, or be willing to buy or sell the appropriate divergence by accumulating or distributing for as long as it develops; or simply to buy/sell and hold for the move. Any Sustained color for extended periods of time is also a time trap signaling to the trader that the asset is being irrational in its present move. Bullish and Bearish Continuation: These also deal with time and frequency most importantly. When we are on a sustained Bull Run, black will color in the background continuously. When the black starts to barcode or break up, exhaustion of the bull run is assumed as the frequency of the run becomes erratic. Inversely, When we are on a sustained Bear Run, fuchsia will color in the background continuously. When the fuchsia starts to barcode or break up, exhaustion of the bear run is assumed as the frequency of the run becomes erratic. The color scheme is designed to be read from darkest to lightest when a sequence of events is found. I.E Dark Maroon>Red>Orange or Inversely Dark Blue>Green>White In keeping with the best practices and traditions of TradingView, we have published this as a public script with the best intentions of aiding the TradingView community in unique and valuable ways. While some of our best indicators are by invite only, we feel an addition to the community of this magnitude will add to the fabric and substance of community.
Pine Script™ indicator
by Midgar-
4
PrevHighLow Trend IndicatorPrevHighLow Trend Indicator which is calculated by using prev lowest and highest of p1 -period and p2 -period for two MAs. First MA is made of prev highest of p1-period / prev lowest of p1-period. Second MA is faster, made up of p2(<p1)- period(same formula). Can be used in the next way: slower MA(straight line) shows main trend, faster shows temporary trend. BUY, when first MA and second MA are green; Exit: second MA changes from green to red. SELL, when first MA and second MA are red; Exit: second MA changes from red to green. RSI Assistant basically filtres signals in the way, when signals from RSI and Faster MA are similar? it signals about it with labels: BUY for long, SELL for short. You can either enable or disable it. Also customizable so you can find your setup. RSI Assistant, depending on you customize it, can help you either follow trend or show reversals. Just find your own setup and watch things happen! Feel free to leave valuable feedback and your setups which you consider to be good. Hope you PHLTI usefull. Good luck!
Pine Script™ indicator
by tarasenko_
3
Moving Average Ribbon [TheBearFighter] This code was written using: •Pine Script Coding Conventions. This script provides a very useful tool for new community users and professionals. It puts at your disposal a Moving Average Ribbon by hand to graph and easily find the ones with the highest performance. The creation of this script was motivated because in free TradingView accounts there is a limit of 3 indicators by chart, and with this tool you can draw up to 32 MA's at the same time! Choose one of 10 types of MA´s: •KAMA Kaufman's moving average. •HULL Hull moving average. •TEMA Triple exponencial moving average. •LSMA Least square moving average. •DEMA Double exponencial moving average. •ALMA Arnaud Legoux moving average. •WMA Weighted moving average •EMA Exponencial moving average. •VWMA Volume Weighted moving average. •SMA Simple moving average. Use the tooltips to know the lengths of MA´s. A main characteristic of the script is that the lengths are in days but when changing the lowest timeframes, the same daily resolution is maintained. This gives us extreme precision in intraday timeframes, e.g 30 minutes. Once this is understood, we can turning the MA´s on/off, and changing the timeframe to our liking. Available timeframes: M, W, D, 4H, 1H, 30m, 15m, 5m. Also the MA´s are colored for easy visualization and know if they grow or decrease. Thank´s to @midtownsk8rguy to let me know more about HEX colors. Thank´s to @HPotter for his KAMA.
Pine Script™ indicator
by TheBearFighter
SVA - Simple Volume Analyzer, by BlueJayBird [bjb] ENGLISH & SPANISH ------------------------------------- ENSLIGH The idea was initially inspired in the concepts shared by @LazyBear on his indicator "Better Volume Indicator" (). But I found it somewhat complicated and dull. So I came up with this. Concept: It changes the color of volume bars based on surrounding volume changes. Volume changes are plotted as volume MAs lines in the volume pane. Whenever the volume is higher than these MAs, the bar changes color. For this reason, the bar color change is RELATIVE TO the surroundings, because the color change depends on how far the MA has been extended due to sudden (or not) changes in the volume. BAR COLORS: Weak Green and Red: Low volume. The calm before or after the storm. Normal Green and Red: Mid volume. Still low volume, you may get bored. Yellow: High volume. Players are playing hard and harder. White: Ultra-High Volume. The elephants stepped in. NOTES: SVA works better at lower timeframes. Though as far as I can tell, it works pretty well as far as 1D timeframe. ------------------------------------- SPANISH La idea estuvo inicialmente inspirada en los conceptos expuestos por @LazyBear en su indicador "Better Volume Indicator" (). Pero lo encontré un poco complicado y falto de claridad. Así que me inventé este. Conceptp: Cambia el color de las barras basándose en los últimos cambios de volumen. Los cambios de volumen son ploteados como lineas de medias móviles (MAs, es decir "Moving Averages") en la sección del volumen (chart pane). En cualquier momento que el volumen es mayor que estos MAs, el color de las barras cambia. Por esta razon, el cambio de color de las barras es RELATIVO a lo que está sucediendo alrededor, ya que el cambio de color depende de qué tan lejos el MA se haya extendido por causa de los últimos cambios (o no) de volumen. BAR COLORS: Verde y rojo apagados: Volumen bajo (Low Volume). La calma antes de la tormenta. Verde y rojo normales: Volumen medio (Mid volume). Volumen todavía bajo. Es posible que te aburras. Amarillo: Volumen alto (High Volume). Los jugadores están jugando duro. Blanco: Volumen ultra-alto (Ultra-High Volume). Los elefantes entran a la cancha. NOTAS: SVA funciona mejor en temporalidades menores. Pero por lo que he visto, funciona bien hasta la temporalidad de 1D.
Pine Script™ indicator
by BlueJayBird
17
Bitcoin RSI Market RangesThe RSI Market Ranges helps to indicate if Bitcoin is overbought, oversold or neutral according to historical price and RSI high and low correlations, it is simply a color coded RSI indicator. This RSI indicator works best on a monthly time frame and should not be used on any timeframe under 1 week as any potential correlation between price and RSI at these lower time frames becomes erroneous. The critical level to note is anything above the 94.99 level which usually triggered a notable price correction and consolidation period.
Pine Script™ indicator
by CaprarioA
CPR by PIVOT EDGE - Trend based coloring + LabelsIntroduction to the Indicator " CPR by PIVOT EDGE - Trend based coloring + Labels " The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed.Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries. This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results. The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES , FUTURES , OPTIONS , FOREX etc. This indicator can be used for any exchange and any timezone also without any changes or adjustments needed. Now let us understand the features of this Indicator in detail. TIMEFRAME - It has options to choose between Day,week and month as timeframe. By default it is set to Day timeframe DISPLAY CPR BAND - This displays the CPR range that consists of Pivot, TC and BC. This Band or Range is the core of this indicator and this givesa detailed information about the tentative range and momentum of the market for the present period as well a prediction for next session and also can tell you the history of its pior period. This level acts as both support and resistance based on the direction of the trend. The unique feature built in this indicator is that the Pivot changes its color based on the trend in the market and by looking at the color of the pivot itself you can make out what the current trend in the market is. DISPLAY SUPPORT RESISTANCE - This indicates the important support and resitance levels for the day which is derived from the price details of prior period that is based on HIGH / LOW / CLOSE of prior period. DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance. DISPLAY TOMORROW CPR - This displays the CPR band and support / resistance for tomorrow.It give an advance information of tomorrows trend and momentum today itself if you study the CPR concepts you can be prepared for tomomorrows market and can very well know in advance if it will be a sideways market or a trending day. MINOR TREND - This displays a combination of 2 moving averages. By default I have coded for 20 and 50 period which can be modified as per your needs. These 2 moving averages depicts the prevailing minor trend in the market and you can take decision to enter trade based on this trend projection. For users ease, I have conditionally coded the moving average curves and also the background color to depict the present trend i.e red denoted bearish trend and green denoting bullish trend. The colors change automatically based on the change in price behaviour. MAJOR TREND - This displays the prevailing major trend in the market and I have used as 200 period moving average by default which you can change to suit your needs. You can check the major trend of the market by using higher timeframes above 1Hr. IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give. If you have any doubts or need any clarifications of assistance in understanding, you can message me and i will try to help. I will soon try to make a Video and explain the use of this indicator for better clarity and understanding. Happy and Safe trading - Mohan from PIVOT EDGE
Pine Script™ indicator
by rvmohankumar
11
HeatbandsWhat you see is the 100 day moving average (blue line in the middle) with percentage bands attached to it. Each color has a 5% range. The brightest green color is 20%-25% below the 100 day moving average. The brightest red color is 20%-25% above the 100 day moving average. The behaviour of the stock price between the bands could give you trading ideas. The moving average length is adjustable. The range between the bands is not adjustable (maybe in future updates). Enjoy:)
Pine Script™ indicator
by tucomprend
Ultimate VolumeThis script can display a lot of different volume statistics. It also colours bars depending on a chosen, customisable criterion. Most options are disabled by default and can be reenabled in the settings menu. FAQ Why are the bars slightly higher than the default volume bars? Due to the limitations of Pinescript. What are the two last values (including the one in white?) They're there due to the limitations of Pinescript. It used to be possible to prevent certain values from being plotted, but still display them as indicator values, but the functionality of that option was changed and is now WIP so until it's restored, these values are necessary to scale the bars properly. Why are the percentages formatted as volume? Due to the limitations of Pinescript. Why are there so many options? I don't know. They sort of happened. But you don't have to switch them on. What is money volume? It's an average of the bar price multiplied by the bar volume . Why does the daily average volume display different values than the standard sma volume? Because mine doesn't take into account the current day. So it doesn't fluctuate intraday. Which, I think, makes more sense. What is total volume? It's a sum of the total volume for that day and is reset on the next. This option only works with intraday timeframes. What is average 1 bar intraday volume? It's the average volume for 1 intraday bar, based on the current day's values only. Obviously, it only works intraday and changes dynamically. It's not an SMA , it's a simple average of all bars for a given day. What is all-time 1 bar intraday volume? It's the average volume for 1 intraday bar, but based on the whole chart's history. It's impossible to select a length for this, again, because of certain limitations. What is short volume? It is approximately 1/3rd of the actual short volume , due to the limitations of FINRA. It's multiplied by 3 in the script and it may be not entirely accurate. The short volume % is calculated differently, using the 1/3rd of short and total volume from FINRA. What are the default threshold values? They are 150%, 200%, 1000% of the average for the average bar volume and all-time average bar volume options, 10%, 50%, 100% for the average daily volume option and 100K, 500K and 1M for the volume option.
Pine Script™ indicator
by whwl
5
Relative Strength IndexThe relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition...more here . ------------------------- *This indicator uses standard RSI settings of a 14-period lookback with a midline of 50, overbought level of 70 and oversold level of 30. This RSI indicator has been modified to include a simple moving average of the RSI, adjustable overbought and oversold horizontal lines, a color-changing RSI line, color-filled RSI horizontal levels and color-filling the space between the RSI and simple moving average. -This simple moving average(SMA) is set to a lookback period of 14 and is plotted as a white line. As the RSI moves above and below the SMA the color of the RSI changes; when above the SMA the RSI is lime, when below he SMA the RSI is pink. Lime indicates bullish momentum for RSI, pink indicates bearish momentum for RSI. -When the RSI line is above 70 the RSI and background both turn yellow, this indicates overbought conditions. -When the RSI line is below 30 the RSI and background both turn red, this indicates oversold conditions. -The backgrounds fill the levels the RSI is trading between and can be turned on/off. -The space between the RSI and SMA is filled and can be turned on/off. -The RSI line can be set to solid or multi-color. -The horizontal lines can be adjusted and turned on/off. -The SMA can be adjusted. For crypto or volatile markets, overbought and oversold levels of 80 and 20 are recommended.
Pine Script™ indicator
by PrepForProfit
3
Ichimoku Cloud & CandlesThe Ichimoku Cloud is a hybrid indicator combining numerous technical indicators that show support and resistance levels, as well as indicating momentum and trend direction. Ichimoku does so by taking multiple, pre-set price moving averages and plotting them on the chart in line form. It also uses these inputs to create a "cloud" which intends to forecast where the price may find support or resistance in the future. Refer to standard, and widely available, Ichimoku Cloud technical publications and/or YT videos for information on how to trade using the Ichimoku Cloud. This indicator uses standard/default Ichimoku settings. The difference between this indicator and standard Ichimoku indicators is that the candle colors are based on price relative to the Tenkan-sen and Kijun-sen, and as such are painted lime, fuchsia and gray. Lime price candles indicate that price is in an uptrend; fuchsia candles indicate a downtrend; gray is no identifiable trend, or neutral.
Pine Script™ indicator
by PrepForProfit
1