OPEN-SOURCE SCRIPT

[PX] Technical Trendbreak

This script identifies a technical break of the current trend. Its shows when the swing point before the most recent extreme (high or low) is taken out. The indicator can help you to identify when the current trend is weakening or momentum is slowing down. It is not a standalone script, that you should use for automated trading. It works best when a clear trend is in progress and new extremes are made (such as all-time-high, all-time-low). It should be avoided for sideways movements.

The length parameter determines how many candles should be taken into consideration for calculation of the extremes.

If you are looking for someone to develop your own indicator or trading strategy, don't hesitate to get in touch with me here on TradingView or below.

Contact:
pascal-simon.de
info@pascal-simon.de

Script open-source

Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.

paaax

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🔓Indicator access: dize-trading.de/

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Script open-source

paaax

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