OPEN-SOURCE SCRIPT
Updated [Mad] Pivots HL-Trend
Hi There
This is a Trend-Indicator based on Pivot highs and Pivot lows from different forward-backward lenghts.
As Mohamed3nan is only looking at one timeframe, here is a mtf-version of that
How to use?
This indicator should basically work in each timeframe.
Green is Bullmode, Red is Bearmode
try to find a "IN Trend" setup or go directly in on the switch of the trends...
The riskmanagement is as always in your own hands
you can activate the field, ends up in a mess like this here :D
This is a Trend-Indicator based on Pivot highs and Pivot lows from different forward-backward lenghts.
As Mohamed3nan is only looking at one timeframe, here is a mtf-version of that
How to use?
This indicator should basically work in each timeframe.
Green is Bullmode, Red is Bearmode
try to find a "IN Trend" setup or go directly in on the switch of the trends...
The riskmanagement is as always in your own hands
you can activate the field, ends up in a mess like this here :D
Release Notes
Alarms as requestedRelease Notes
Standardsetting Field on -> Field offMultibit-Implementation
Release Notes
sorting the inputs and different thickness of fieldRelease Notes
bad screenshot - release :-(Release Notes
libary updateRelease Notes
Added alerts and custom weighting for alert-switching.standardsetting of this idicator is identical but you can screw around with the values now ^^
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.
For quick access on a chart, add this script to your favorites — learn more here.
djmad|Bitblockart
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.
For quick access on a chart, add this script to your favorites — learn more here.
djmad|Bitblockart
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.