OPEN-SOURCE SCRIPT
Custom Trend Indicator with Reversal Arrows
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The Custom Trend Indicator with Reversal Arrows is a user-friendly script designed to help traders identify trends and trend reversals on the TradingView platform. This indicator analyzes price action and generates trend lines based on user-defined rules for uptrends, downtrends, and no-trend conditions. Additionally, it highlights trend reversal points with arrows for easy identification.
Features:
Customizable Line Offset Multiplier: Allows users to set the distance between the trend line and the candlesticks. This makes the trend lines more visually discernible.
Trend Identification:
Uptrend: The indicator plots a green line when the current high, low, and close are greater than the previous high, low, and close, respectively.
Downtrend: The indicator plots a red line when the current high, low, and close are less than the previous high, low, and close, respectively.
No Trend: The indicator plots a black line when neither an uptrend nor a downtrend is identified.
Trend Reversal Arrows: The script displays green arrows pointing upwards for bullish trend reversals and red arrows pointing downwards for bearish trend reversals.
To use this indicator, simply copy and paste the provided Pine Script into the Pine editor on TradingView, and add the indicator to your chart. This powerful and customizable tool will enhance your ability to identify trends and capitalize on trend reversals in your trading strategy.
Please note that this indicator is intended for educational purposes only and should not be considered as financial advice. Always perform your own due diligence and consult with a financial professional before making any trading decisions.
Features:
Customizable Line Offset Multiplier: Allows users to set the distance between the trend line and the candlesticks. This makes the trend lines more visually discernible.
Trend Identification:
Uptrend: The indicator plots a green line when the current high, low, and close are greater than the previous high, low, and close, respectively.
Downtrend: The indicator plots a red line when the current high, low, and close are less than the previous high, low, and close, respectively.
No Trend: The indicator plots a black line when neither an uptrend nor a downtrend is identified.
Trend Reversal Arrows: The script displays green arrows pointing upwards for bullish trend reversals and red arrows pointing downwards for bearish trend reversals.
To use this indicator, simply copy and paste the provided Pine Script into the Pine editor on TradingView, and add the indicator to your chart. This powerful and customizable tool will enhance your ability to identify trends and capitalize on trend reversals in your trading strategy.
Please note that this indicator is intended for educational purposes only and should not be considered as financial advice. Always perform your own due diligence and consult with a financial professional before making any trading decisions.
Nota Keluaran
The Custom Trend Indicator with Reversal Arrows is a user-friendly script designed to help traders identify trends and trend reversals on the TradingView platform. This indicator analyzes price action and generates trend lines based on user-defined rules for uptrends, downtrends, and no trend conditions. Additionally, it highlights trend reversal points with arrows for easy identification.Features:
Customizable Line Offset Multiplier: Allows users to set the distance between the trend line and the candlesticks. This makes the trend lines more visually discernible.
Trend Identification:
Uptrend: The indicator plots a green line when the current high, low, and close are greater than the previous high, low, and close, respectively.
Downtrend: The indicator plots a red line when the current high, low, and close are less than the previous high, low, and close, respectively.
No Trend: The indicator plots a black line when neither an uptrend nor a downtrend is identified.
Trend Reversal Arrows: The script displays green arrows pointing upwards for bullish trend reversals and red arrows pointing downwards for bearish trend reversals.
To use this indicator, simply copy and paste the provided Pine Script into the Pine editor on TradingView, and add the indicator to your chart. This powerful and customizable tool will enhance your ability to identify trends and capitalize on trend reversals in your trading strategy.
Please note that this indicator is intended for educational purposes only and should not be considered as financial advice. Always perform your own due diligence and consult with a financial professional before making any trading decisions.
Nota Keluaran
Hiding the Line By Default.Nota Keluaran
Added EMA 5 & EMA 13 Lines for confirmationNota Keluaran
Changed ema5 & ema13 to ema8 & ema20 for better calcuationNota Keluaran
Added Auto Fib Levels - updating regularlyNota Keluaran
FIB Level UpdationNota Keluaran
Pivot Points AddedNota Keluaran
Fixed a lot of error that were coming in enabling or disabling the options.If you are from India & trade actively & also wants to learn different technical things, I ran a WhatsApp group - You can join that from here - chat.whatsapp.com/E2gt1Sd1ijPL1dAfn4TqWj
Nota Keluaran
Fixed a lot of error that were coming in enabling or disabling the options.If you are from India & trade actively & also wants to learn different technical things, I ran a WhatsApp group - You can join that from here - chat.whatsapp.com/E2...gt1Sd1ijPL1dAfn4TqWj
Nota Keluaran
Fixed a lot of error that were coming in enabling or disabling the options.If you are from India & trade actively & also wants to learn different technical things, I ran a WhatsApp group - You can join that from here - chat.whatsapp.com/E2...gt1Sd1ijPL1dAfn4TqWj
Nota Keluaran
Mutilple Fixes TodayIf you are from India & trade actively & also wants to learn different technical things, I ran a WhatsApp group - You can join that from here - chat.whatsapp.com/E2...gt1Sd1ijPL1dAfn4TqWj
Nota Keluaran
Updated Notification on Reversal Arrow - Kindly note - Enable the notification only once per candle to avoid the multiple notification for a candle as candle is forming, it shows reversal arrow sign..
Don't forget to join our whatsApp group for continues learning - chat.whatsapp.com/E2gt1Sd1ijPL1dAfn4TqWj
Nota Keluaran
Added the alert for EMA Crossover, Pivot Points, Fib Retracements also.....Perfectly working for me on option charts also...
Test before you deploy it live..
Nota Keluaran
For Making Chart looks more clear, we are hiding Pivot points when time frame will be changed to daily or higher level as Pivot points are calculated just for intraday purposes ....showing these on higher time frame is just making chart looks ugly..Nota Keluaran
By default - EMA Lines & Pivot Lines are being hidden now to make chart looks more attractive.Nota Keluaran
Due to some personal reasons, I am removing this script from public & making it to invite-only...If you are interested in learning & want to use the script - we welcome you to our private whatsapp group.
Thanks
Skrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
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.