OPEN-SOURCE SCRIPT
sadosi trends and barrier
This indicator should be used for give ideas.
what they can do?
how can?
By analyzing the prices in the 3 selected periods, 3 highs and 3 lows prices are marked. With the marked points, trend and resistance lines are drawn. The current price is analyzed and useful calculations displayed in the info box. Finaly adding moving averages. After all these transactions, the trend and resistances become easily visible on the chart.
You can fine-tune the angle of the trend using high and low extensions
you can catch different trend lines by changing the high and low trend points
By changing the periods, you can set position the trend lines more accurately.
When the price is too low or too high, the information box will warn you by change color.
The trend lines to be created are for the purpose of giving an idea and convenience. It can be used on all timeframes, including horizontal trends.
what they can do?
- draw up and down trend lines
- draw support and resistance lines
- to inform about the current price
- signal for high and low prices
how can?
By analyzing the prices in the 3 selected periods, 3 highs and 3 lows prices are marked. With the marked points, trend and resistance lines are drawn. The current price is analyzed and useful calculations displayed in the info box. Finaly adding moving averages. After all these transactions, the trend and resistances become easily visible on the chart.
You can fine-tune the angle of the trend using high and low extensions
you can catch different trend lines by changing the high and low trend points
By changing the periods, you can set position the trend lines more accurately.
When the price is too low or too high, the information box will warn you by change color.
The trend lines to be created are for the purpose of giving an idea and convenience. It can be used on all timeframes, including horizontal trends.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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.