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Trend Detection with Alerts and Consolidation

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Here’s a simple script in English that detects a trend based on two moving averages (MAs) and shows the trend direction on the chart. I’ll write it in Pine Script (TradingView), since it’s a common language for trading indicators:
How does it work?
* Green background — uptrend
* Red background — downtrend
* Gray background — consolidation (MAs are close to each other)
* Label with trend/consolidation description on the latest candle
Alerts triggered when the fast MA crosses the slow MA (trend change) — you can set these alerts as notifications in TradingView.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.