OPEN-SOURCE SCRIPT
Trend Classifier [ChartPrime]
Trend Classifier [ChartPrime]
This is a multi-level trend classification tool that detects bullish, bearish, and ranging conditions using an adaptive smoothing method. It highlights trend strength through color-coded candles and layered bands, making it easy to interpret market momentum visually.
⯁ KEY FEATURES
⯁ HOW TO USE
⯁ CONCLUSION
Trend Classifier [ChartPrime] helps traders stay aligned with the dominant trend while visually breaking down market momentum into levels. Its clean color-coded design and strength dashboard make it ideal for both trend following and range trading strategies.
This is a multi-level trend classification tool that detects bullish, bearish, and ranging conditions using an adaptive smoothing method. It highlights trend strength through color-coded candles and layered bands, making it easy to interpret market momentum visually.
⯁ KEY FEATURES
- Classifies trend strength using 3 bullish and 3 bearish levels relative to an adaptive trend line.
- Neutral (range) zones are marked when price stays between key bands, often signaling low volatility or consolidation.
- Automatically filters band visibility based on current trend direction:
- In uptrends, only levels below the price are displayed.
- In downtrends, only levels above the price are shown.
Color-coded candles:
- Aqua candles for bullish conditions.
- Red candles for bearish conditions.
- Orange candles during neutral or ranging conditions.
- Includes a trend direction change marker (diamond), plotted when a shift in trend is detected.
- Plots a central smoothed trend line to anchor the trend bands dynamically.
- Displays a trend strength dashboard in the top-right corner with real-time bull and bear scores (0 to 3).
- Labels with arrows (▲/▼) show current trend direction and strength on the chart.
⯁ HOW TO USE
- Use bull and bear levels (1–3) to assess the momentum of the current trend.
- When bull = 0 and bear = 0, market is considered ranging or consolidating – consider fading or waiting for breakout confirmation.
- Trend bands can be used as dynamic support/resistance during trending phases.
- Monitor the trend change diamonds to spot potential early reversals.
- Combine with volume or oscillator tools for confirmation of strength shifts.
⯁ CONCLUSION
Trend Classifier [ChartPrime] helps traders stay aligned with the dominant trend while visually breaking down market momentum into levels. Its clean color-coded design and strength dashboard make it ideal for both trend following and range trading strategies.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.