Trend Detector 4.1There are two components to this script:
1. The moving averages that are plotted to visualize the trend
2. The squares plotted at the bottom of the chart are a combination of Trend Detector 3.0's two set of squares. Green = bullish, yellow = undecided, red = bearish.
Use on multiple timeframes to help plan out trades.
Shroomdaddy
Trend Detector 3.0 BetaCombined the Trend Detector 1.0 and 2.0 and displayed the status of the trends for each of them above and below the chart.
Trend Detector 1: Signals displayed above the chart, Green = Bullish, Red = Bearish. TD1 is more simplistic so it's decisions are more binary compared to TD2.
Trend Detector 2.0: Signals below chart. Bullish = Green, Yellow = Neutral, Red = Bearish. TD2's trend is determined by multiple plotted SMA's, meaning the displayed trend status can be affect by sensitivity settings. More complex than TD1 but a bit slower.
Looking to integrate volatility indicators and possible VWAP to make these indicators more precise.
