OPEN-SOURCE SCRIPT

HTF Trend Table + 15M Wick SD Marker [No Error Edition]

198
Criteria Used in the Indicator:

TRENDING (Bullish or Bearish):

Bullish:

The 4H close is above the most recent 4H swing high (pivot high)

The 1H close is above the most recent 1H swing high (pivot high)

→ Both conditions must be true at the same time

Bearish:

The 4H close is below the most recent 4H swing low (pivot low)

The 1H close is below the most recent 1H swing low (pivot low)

→ Both conditions must be true at the same time

CHOPPY (Ranging):
Any other case!

If the close is not above both the last swing highs (not trending up)

AND not below both the last swing lows (not trending down)

Example:

4H is above its last swing high but 1H is not

1H is below its last swing low but 4H is not

Both are in between their swings

→ In these scenarios, the code sets the trend as "CHOPPY" (ranging/sideways).

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.