OPEN-SOURCE SCRIPT
Trend_Finder(Telegram-RR_Algo_Indicators_Intraday)
EMA Inputs
It uses 6 EMAs with customizable lengths (defaults: 30, 35, 40, 45, 50, 60).
Trend Conditions
Bullish Trend: All EMAs are strictly ordered from smallest to largest, meaning short-term prices are leading long-term prices upward.
Bearish Trend: All EMAs are ordered from largest to smallest, meaning short-term prices are falling below long-term ones.
Neutral: EMAs are mixed and do not meet the above criteria.
Trend Tracking
The script remembers the current trend and only flips when a full trend reversal condition is confirmed.
It uses 6 EMAs with customizable lengths (defaults: 30, 35, 40, 45, 50, 60).
Trend Conditions
Bullish Trend: All EMAs are strictly ordered from smallest to largest, meaning short-term prices are leading long-term prices upward.
Bearish Trend: All EMAs are ordered from largest to smallest, meaning short-term prices are falling below long-term ones.
Neutral: EMAs are mixed and do not meet the above criteria.
Trend Tracking
The script remembers the current trend and only flips when a full trend reversal condition is confirmed.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.