OPEN-SOURCE SCRIPT

Pro Trend: Double BB + Chandelier + ZigZag by Kidev

195
This indicator combines multiple powerful tools into a single overlay:

Bollinger Bands (0.5σ & 2σ): Tracks short-term and wider volatility ranges.

SMA 75: Smooth trend filter to identify medium-term direction.

Centered Chandelier Exit: Dynamic stop/trend tool based on ATR; midline highlights trend bias.

Double ZigZag with HH/LL Labels: Two independent ZigZags (configurable periods) mark pivots and identify Higher Highs / Higher Lows / Lower Highs / Lower Lows.

Quickly visualize volatility channels and trend direction.

Identify breakout vs. mean-reversion conditions.

Spot pivot structure (HH/HL vs. LH/LL) for market structure analysis.

Combine ATR-based stop levels with SMA filter for trade entries/exit

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.