OPEN-SOURCE SCRIPT
Solar VPR (No EVMA) + Alpha Trend
This Pine Script v6 indicator combines Solar VPR (without EVMA slow average) and Alpha Trend to identify potential trading opportunities.
Solar VPR calculates a Simple Moving Average (SMA) of the hlc3 price and defines upper/lower bands based on a percentage multiplier. It highlights bullish (green) and bearish (red) zones.
Alpha Trend applies ATR-based smoothing to an SMA, identifying trend direction. Blue indicates an uptrend, while orange signals a downtrend.
Buy/Sell Signals appear when price crosses Alpha Trend and aligns with Solar VPR direction.
Solar VPR calculates a Simple Moving Average (SMA) of the hlc3 price and defines upper/lower bands based on a percentage multiplier. It highlights bullish (green) and bearish (red) zones.
Alpha Trend applies ATR-based smoothing to an SMA, identifying trend direction. Blue indicates an uptrend, while orange signals a downtrend.
Buy/Sell Signals appear when price crosses Alpha Trend and aligns with Solar VPR direction.
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.