OPEN-SOURCE SCRIPT
Trend Xplorer By EasyAlgo.in
This script is an indicator called "Trend Xplorer" , designed for use on TradingView. The script uses a combination of moving averages and pivots to identify trends and plot the trend direction on the chart.
The indicator includes several input parameters, including the length of the moving averages used to calculate the trend direction and the pivot length used to identify highs and lows. The user can also select a "Scalping mode" which is an aggressive trend mode.
The script plots two moving averages on the chart to represent the trend direction - a shorter moving average calculated from the pivot lows and a longer moving average calculated from the pivot highs. The script also uses a color-coded fill to indicate the trend direction, with green indicating an uptrend, red indicating a downtrend, and yellow indicating a sideways trend.
The Trend Xplorer indicator can be used to help traders identify trends in the market and enter trades in the direction of the trend. Traders can use the moving averages and pivots to help identify potential support and resistance levels, as well as to help identify potential entry and exit points. The script can also be used in combination with other indicators or strategies to help confirm trading signals.
The indicator includes several input parameters, including the length of the moving averages used to calculate the trend direction and the pivot length used to identify highs and lows. The user can also select a "Scalping mode" which is an aggressive trend mode.
The script plots two moving averages on the chart to represent the trend direction - a shorter moving average calculated from the pivot lows and a longer moving average calculated from the pivot highs. The script also uses a color-coded fill to indicate the trend direction, with green indicating an uptrend, red indicating a downtrend, and yellow indicating a sideways trend.
The Trend Xplorer indicator can be used to help traders identify trends in the market and enter trades in the direction of the trend. Traders can use the moving averages and pivots to help identify potential support and resistance levels, as well as to help identify potential entry and exit points. The script can also be used in combination with other indicators or strategies to help confirm trading signals.
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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.