OPEN-SOURCE SCRIPT
Adaptive Trend Indicator [Quantigenics]
Our Adaptive Trend Indicator is an advanced trading indicator using price and time series analysis to adapt to market trends. It calculates a weighted average of the median price and twice-smoothed average price, then applies a linear regression over twice the user-defined period, generating a trend line. This trend line represents the prevailing market direction and adjusts dynamically based on price fluctuations. When the Adaptive Trend value increases compared to the previous value, the line turns aqua, signaling an upward trend. Conversely, if it decreases, the line turns red, indicating a downward trend. This color coding provides visual guidance for traders. By combining advanced statistical techniques with real-time adaptation, the Adaptive Trend indicator provides timely trend information, supporting traders in navigating various market conditions.
Additionally, this indicator may be applied multiple times to the same chart. Traders may adjust the length of each instance to show a group of trendlines that can indicate when price action is overbought or oversold as well as support or resistance at different indicator lengths. Example below.
BTCUSD 
BTCUSD 
TSLA 
We hope you enjoy this indicator. Happy Trading!
Additionally, this indicator may be applied multiple times to the same chart. Traders may adjust the length of each instance to show a group of trendlines that can indicate when price action is overbought or oversold as well as support or resistance at different indicator lengths. Example below.
BTCUSD BTCUSD TSLA We hope you enjoy this indicator. Happy Trading!
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.
Quantigenics Premium Indicator Suite
Visit quantigenics.com to subscribe
E-mail us at support@quantigenics.com
Happy Trading!
Visit quantigenics.com to subscribe
E-mail us at support@quantigenics.com
Happy Trading!
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.
Quantigenics Premium Indicator Suite
Visit quantigenics.com to subscribe
E-mail us at support@quantigenics.com
Happy Trading!
Visit quantigenics.com to subscribe
E-mail us at support@quantigenics.com
Happy Trading!
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.