Trend Ravi TrialTrial for trend analysis
it was not difficult to convert to look like and work like Trend Trader Karan's Tool, who invested " Lakho Rupaya" and works on the basis of price action trading also.
Let me tell you guys, this is nothing but an ATR based system which people already traded as Half Trend, Super Trend and various names. Half Trend is no more a copyrighted indicator, which stopped marketing after being exposed, but people are still cheating with such indicators.
Cerca negli script per "trend"
TrendLineThis is a tool to see trend lines on charts. This code takes two maximum and two minimum and draws a line between them.
Trend MasterNotes:
Tradingview has strict house rules of not allowing Heikin Ashi charts (and others beside normal price chart) to be used together with the indicator for trend analysis.
However, there may be users already using previous version of Trend Master but unfortunately has been hidden by Tradingview.
In view of this I decided to re-post the updated version, with the use of normal price chart only. Hope this help.
1. Trend Master, an indicator for trend analysis with the use of normal price chart.
2. Trend Master candle is in the form of solid candle without upper and lower tails.
The candle is in green color during an uptrend and red color during a downtrend.
When candle changes from red color to green color, it may signify the potential change from a down trend to an uptrend, vice versa.
3. Users can select the trend analysis model as they see fit, namely EMA , SMA , WMA and HMA .
4. Moving average lines of Trend Master are also included. Default is SMA13, the rest are SMA5, SMA21.
5. Users can turn on Rainbows if needed, it may help to detect the small changes of trend, if any.
6. A table of Indicator Name, Trend Model and Trend status is included. User can turn on to see the details.
Comments are welcome to further improve the accuracy of indicator that will benefit public users. Hope this help.
Disclaimer : attached chart is for the purpose of illustrating the indicator, no recommendation on buy/sell
Trend Indicators CollectionAnalyses MACD crosses with Ichimoku cloud direction and state
General idea:
- MACD crosses usually point to a change in trend direction and Kumo state and direction often act as a confirmation as well as a trend strength indicator. Using this, the script points out where there were was or can be a point where the trend change may have the strength to carry on.
Buy warnings:
- This warning will be triggered in two ways, both of them only if MACD is above EMA and the current close price is over Kumo:
- Senku span A crosses over Senku B (Kumo turns positive) when MACD is already positive
- MACD turns positive when Kumo is already positive
Sell warnings
- Triggered in two ways:
- Kumo turns negative when the current close price is bellow EMA
- The inverse of the above, the current close price falls bellow EMA when the Kumo is already negative
Trend Indicators Collection (TIC) contains:
- MACD, EMA, ADX, Mass index, Ichimoku Cloud, and Pivot points
- Best suited for monthly charts with 30m bars
Trend M ver1this simple tool a helper for trader in order to put your target at the correct places:)
so script based on Trend M (open script in my page)
the script based on non security MTF that allow us to detect the M = mean average of resistance and support by MTF
best setting is either monthly or weekly
when you go on lower chart just put in the min the exact TF that you on. 60 min =60
2 hour 120
5 min =5
etc
when ever the trend is above the mean or M then it bullish =lime color. bellow the M is bearish =red color
the R1 and S level are % from the mean . so it can act for us either target or as stop loss
you can set the R1 or S1 as you like by % ratio . so 0.01 is 1%
0.1 is 10 % etc
all you need to find is the weekly or monthly range of the asset then put the % ratio that you wish up or down
you can use it with trend lines or other method .it just another tool to make you trade smarter
Trend detectorThis is trend detector
buy above 0 sell bellow zero (lime and orange color)
you can set it using min distance (now set to 1440)
The MTF sytem source original idea by Duyck
perfect indicator for the day trader
you can use the Low scanner that i put early for entry or use this system for it
tesla
Trend diffrentSo I make this trend indicator . the trend base on length
so I set it to 14. but try to set it set to your optimal length that you like.
The idea here is to make the trend line over the candles so in this way we can disregard unwanted ups or low that are not part of the overall trend
So i hope you like it
Trend BarsIndicated by the red and green boxes above/below the candlesticks, this indicator shows any candlestick with a candle body GREATER than 50% of the entire range of the candle (from high to low). For example, a red box above a candlestick indicates that this particular candle has a body greater than 50% of the entire range of the candle in a bearish direction. This can be used as confirmation of a bearish trend or reversal in a bearish direction.
trend detectorThis is just template to build up better indicator on it
So in basic we have modified trend SMA which is fast length 10 to detect fast changes
then we weis volume (done by lazy bear)
Bollinger channel with my addition of trend lines
the median is based on basis line of the channel
so good long entry spot are when trend is positive , weis positive and rsi bellow 45 and the candles bellow median
good exit is opposite
one can can add more indicators to make it better
so I just put this together since in my trading I use this indicators allot
Trend-reversalThis indicator is for detection of trend reversal based on trailing stop (blue line)
the Bullish zone is in blue (red above blue line), bearish zone in orange ( blue line above red line)
gray line is the average of donchian channel
I put the line on 1440 min (so it like daily trailing line) , you can make it shorter if you want .
In this example of BNB coin we see in red arrow that the coin drop from red line so it loosing power -here it sell point during bullish period(blue)
on the other hand when we are in bearish (orange), we can see that the coin is breaking the red line -buy point and the trend is reverse
main script is taken from ceyhun so credit is to him on this
trendlineoscillatore che misura il trend : avvisa del possibile cambio di tendenza sugli estremi selltrend e buytrend e conferma la tendenza sulla
linea dello zero confirm_trend
trend highlighterhighlights green when fast ma is higher than slow ma (default 5/20) and red otherwise. useful for seeing trends at a glance
Trend bars with SMA trend linejust changing the colour of the candles based on a SMA trendline
Basic changes made to Chris Moody's trend bars setup
Third attempt by me to do this.
Letest Trend Indicator with Bollinger BandTrend Analysis with Bollinger Band using Support & Resistance and Pivot Blue EMA Breakout
trend finderThis tool can help to find the trend. Above the band is bull and below is bear; line in the band is flat or a reverse coming soon.
Trendline Breakout Navigator [LuxAlgo]The Trendline Breakout Navigator indicator shows three trendlines, representing trends of different significance between Swing Points.
Dots highlight a Higher Low (HL) or Lower High (LH) that pierces through the Trendline without the closing price breaking the Trendline.
A bar color and background color option is included, which offers insights into the price against the trendlines.
🔶 USAGE
Trendlines (TL) are drawn, starting as a horizontal line from a Swing Point.
When an HL (in the case of a bullish TL) or an LH (bearish TL) is found, this Swing Point is connected to the first Swing Point. In both cases, the TL can be optimized when one or more historical close prices breach the TL (see DETAILS).
A solid-styled long-term trendline represents the overall market direction, while a dashed-styled medium-term trendline captures medium-term movements within the long-term trend. Finally, a dotted-styled short-term trendline tracks short-term fluctuations.
🔹 Swing Points vs. Trend
A "Higher High" (HH) or "Lower Low" (LL) will initialize a new trendline, respectively, starting from the previous "Swing Low" or Swing High".
To spot the trend shift, "HH/LL" labels and an optional background color are included. They can be enabled/disabled or set at "Long, Medium, or Short" term TL (Settings—"MS", "HH/LL" and "Background Color").
These features are linked to one Trendline of choice only.
Where the "HH/LL" labels can show a potential trend shift, the background color is:
Green from the moment the close price breaks above a bearish trendline or when an HH occurs
Red from the moment the close price breaks below a bullish trendline or when an LL occurs
🔹 Bar Color
The bar color will depend on the location of the closing price against the three trendlines. When a trendline is unavailable (for example, if the close price breaks the TL and there is no HH/LL), the last known trendline value will be considered.
All three trendlines influence the bar color.
If the close price is above the "Long Term" TL, the bar color will show a gradient of green, darker when the close price is below the "Medium Term" and/or "Short Term" TLs.
On the other hand, when the close price is below the "Long Term" TL, the bar color will show a gradient of red, which becomes darker when the close price is above the "Medium Term" and/or "Short Term" TLs.
To keep the above example simple, only the "Long Term" TL is considered. The white line (not included in the script) resembles the actual value of the TL at each bar, where you can see the effect on the bar color.
Combined with the trendlines and dots, the bar color can provide extra depth and insights into the underlying trends.
🔹 Tested Trendlines
If a new HL/LH pierces the Trendline without the close price breaking the Trendline, the Trendline will be updated.
The exact location where the price exceeded the Trendline is visualized by a dot, colored blue on a bullish trendline and orange when bearish.
These dots can be indicative of a potential trend continuation or reversal.
🔹 Higher TimeFrame Option
The "Period" setting enables users to visualize higher-timeframe trendlines as long as the line length doesn't exceed 5000 bars.
🔶 DETAILS
When a new trendline is drawn, the script first draws a preliminary line and then checks whether a historical close price exceeded this line above (in the case of a bearish TL) or below (in a bullish case).
Subsequently, the most valid point in between is chosen as the starting point of the Trendline.
🔶 SETTINGS
Period: Choose "chart" for trendlines from the current chart timeframe, or choose a higher timeframe
🔹 Swing Length
Toggle and Swing Length for three trendlines: Period used for the swing detection, with higher values returning longer-term Swing Levels.
🔹 Style
Trendline: color for bullish/bearish Trendline
Wick Dot: color for bullish/bearish trendline test
Term: Long-, medium- or short-term
HH/LL: Show HH/LL labels (with or without previous Swing High/Low) of chosen Term
Background Color: Green when the closing price is above the trendline of choice, red otherwise
Bar Color
Trendline Pivots [QuantVue]Trendline Pivots
The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows.
These trendlines serve as reference points of potential resistance and support within the market.
Once identified, the trend line will continue to be drawn and progress with price until one of two conditions is met: either the price closes(default setting) above or below the trend line, or the line reaches a user-defined maximum length.
If the price closes(default setting) above a down trend line or below an up trend line, an "x" is displayed, indicating the resistance or support has been broken. At the same time, the trend line transforms into a dashed format, enabling clear differentiation from active non-breached trend lines.
This indicator is fully customizable from line colors, pivot length, the number lines you wish to see on your chart and works on any time frame and any market.
Don't hesitate to reach out with any questions or concerns.
We hope you enjoy!
Cheers.
TrendLine ScythesTrendline Scythes is a script designed to automatically detect and draw special curved trendlines, resembling scythes or blades, based on pivotal points in price action. These trendlines adapt to the volatility of the market, providing a unique perspective on trend dynamics.
🔲 Methodology
Traditional trendlines connect consecutive pivot points on a price chart, providing a linear representation of trend direction. However, this script employs a distinctive methodology by automatically detecting price pivots and then calculating special curved trendlines based on the Average True Range (ATR) of the price. This introduces a curvature to the trendlines, resembling scythes, offering a unique way to interpret market trends.
🔲 Auto Breakout and Target Detection
Trendline Scythes includes features for automatic breakout detection, signaling potential trend changes. Additionally, the script assists in target detection, helping traders set realistic and data-driven profit-taking levels based on market volatility and user adjustment.
🔲 Utility
Trend Confirmation - Use Trendline Scythes to confirm existing trends by observing how price interacts with the curved trendlines.
Breakout Signals - Auto-detection of breakouts adds a proactive element to your trading strategy, helping you stay ahead of potential trend reversals.
Target Setting - Utilize the script to set profit-taking targets based on volatility, aligning with the current market conditions.
🔲 Settings
Pivot Length - Swing detection length
Scythe Length - Adjusts the length of the scythes blade
Sensitivity - Controls how restrained the target calculation is, higher values will result in tighter targets.
🔲 Alerts
Breakout
Breakdown
Target Reached
Target Invalidated
As well as the option to trigger 'any alert' call.
Trendline Scythes is a versatile tool combining the benefits of traditional trendlines with the dynamic adaptability of curved lines for a unique approach to trend analysis.
Trend Strength Over TimeThe script serves as an indicator designed to assess and visualize trend strength and Volume strength over time. It employs a variety of calculations and conditions to offer insights into both bullish and bearish market trends. Let's explore the key conceptual elements of the code.
Trend Strength Conditions:
The script defines conditions to assess trend strength based on a comparison between each calculated percentile value and the highest high (bullish) or lowest low (bearish). Separate conditions are established for each percentile length, allowing for a nuanced understanding of trend dynamics across different timeframes.
Counting Bull and Bear Trends:
To quantify the strength of bullish and bearish trends, the script maintains counts for the number of conditions that are true for each. This count-based approach provides a quantitative measure of trend strength.
Weak Bull and Bear Counts:
Recognizing that trends are not always clear-cut, the script introduces the concept of weak trends. It counts instances where the percentiles fall between the highest high and lowest low, indicating a potential weakening of the prevailing trend.
Bull and Bear Strength:
Bull and bear strengths are calculated based on the counts, with adjustments made for weak trends. This step provides a more nuanced and comprehensive assessment of trend strength by considering both strong and weak signals.
Current Trend Value:
The culmination of these calculations is the determination of the current trend value. This value represents the balance between bullish and bearish forces, offering a dynamic indicator of the market's prevailing sentiment.
Volume Strength Calculation:
In addition to price-based indicators, the script incorporates volume strength as a crucial element. This is calculated using the simple moving averages (SMAs) of volume over different lengths, normalized relative to the SMA over a length of 144. Volume strength adds a layer of confirmation or divergence to the price-based trend analysis.
Color Change:
To facilitate quick and intuitive interpretation, the script dynamically changes the color of the plotted line on the chart based on the current trend value. Green indicates a bullish trend, red indicates a bearish trend, and blue suggests a neutral or indecisive market.
Plotting:
The script uses the plot function to visually present the calculated trend strength and volume strength on the chart. This visual representation aids traders in making informed decisions based on the identified trends and their strengths.
Volume Strength: A Detailed Explanation
In the context of the provided script, volume strength is a critical component used to assess the strength of a market trend. It provides insights into the level of participation and commitment of market participants, offering a complementary perspective to traditional price-based indicators. Let's delve into the concept and practical applications of volume strength.
Calculation of Volume Strength:
The script calculates volume strength by considering the simple moving averages (SMAs) of volume over different time periods (13, 21, 34, 55, 89). These individual SMAs are then normalized relative to the SMA over a more extended period of 144. The weights assigned to each SMA in the calculation are defined in the variable VCF (Volume Correction Factor).
Calculation of Volume Strength with Weights: The weights assigned to each SMA in this calculation are crucial for emphasizing the significance of shorter-term volume movements relative to a longer-term baseline.
Interpretation of Weights:
The choice of weights reflects the relative importance of shorter-term volume movements compared to longer-term trends. In this script, shorter-term SMAs (13, 21, 34, 55, 89) are assigned decreasing weights, while the longer-term SMA (144) serves as the baseline.
Shorter-term SMAs with higher weights may have a more immediate impact on the volume strength calculation. This implies that recent changes in volume carry more weight in assessing the current market conditions.
The decreasing weights for shorter-term SMAs might indicate that, as the timeframe lengthens, the significance of recent volume movements diminishes in relation to the longer-term trend. This approach allows for a focus on both short-term volatility and longer-term stability in volume patterns.
The purpose of normalization is to emphasize the current volume's significance in comparison to its historical context. This can help identify abnormal volume spikes or sustained increases in trading activity, which may indicate the strength or weakness of a trend.
Interpretation and Practical Use:
Confirmation of Trend:
Rising volume during an uptrend can validate the strength of the upward movement, suggesting that a significant number of market participants are actively buying. Conversely, decreasing volume during an uptrend might indicate weakening interest and a potential reversal.
In a downtrend, increasing volume on downward price movements reinforces the strength of the trend. A decrease in volume during a downtrend may suggest a potential weakening or exhaustion of the downward momentum.
Divergence Analysis:
Divergence occurs when there is a disagreement between the price movement and the corresponding volume. For example, if prices are rising but volume is declining, it could signal a lack of conviction in the upward movement, and a reversal might be imminent.
Conversely, if prices are falling, but volume is decreasing as well, it might suggest that the downward momentum is losing steam, and a potential reversal or consolidation could be on the horizon.
In conclusion, volume strength analysis provides traders with a powerful tool to gauge the conviction behind price movements. By incorporating volume data into the technical analysis, one can make more informed decisions, enhance trend identification, and improve risk management strategies.
