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Baz: Trendy Band

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This is a indicator to help identify trends in markets on different timeframe. It is based on moving average, you can select type of moving average you want to use and the length as well (21 or 50).

Blue showing uptrend and Purple showing downtrend.
The label or mark on the bar indicating changing trend.

Price need to stay above the area and the lower channel acts as support if its uptrending.

If price close below the lower channel, a trend change happened and now the upper channel acts as resistance. It has to break through the upper channel to flip the trend.

Uncheck "Show last" setting if you want all labels printed.


Nota Keluaran
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1. Update flip trend point price to "Source" in Setting
Nota Keluaran

1. Flip trend price bug fixed (Truncate function)

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.