█ This indicator shows the repartition of bullish and bearish trends over a certain period in multiple timeframes. It's also showing the trending direction at the time.
█ Usages: Trend dominance is expressed with two percentages: left is downtrend and right is uptrend. Cell colors turn green if dominance is up and red if it is down.
Knowing the trend dominance allows you to have a better overview of the market conditions. You can use it to your advantage to favor long or short trades, reversal or breakout strategies, etc.
█ Parameters: > Length: Length is used to calculate ATR. > Atr Multiplier: A factor used to balance the impact of the ATR on the Trend Bands calculation. > UI Settings
Hello sir, one Request from my side is plz put option for table position moveble. If possible. Thnx
tarasenko_
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The trend line, extracted from upperb- and lowerb-variables is very good for filterting price noise, just what I needed. Big thanks for the idea and the script, mate :)
Thnx