TrendSetter RasterChart is an indicator that differentiates between cycling and trending moments, but is also effective at identifying reversal points. The bottom of the chart is most reactive and indicates reversals very well. The upper portion of the chart displays cyclical periods, upward trends, and downward trends in three different colors for tricolor schemes. For example, on the red/yellow/green schemes in the upper area of the indicator... you will notice ranging and high volatility when the area is predominantly yellow, while large predominantly green areas indicate upward trends, leaving large predominantly red areas to indicate downward trends.
I provided multiple color schemes for those of you who may have color blindness vision impairments. You may contact me in private if these color schemes are not suitable for your diagnosed visual impairment, and you would wish to contribute to seeing the color schemes improved along with other future indicators I shall release. This also displays that color scheming is VERY possible in Pine.
I once again would personally like to thank the talented individuals at TV for providing a platform that embraces an initial free membership, which I first obtained myself, for individuals like me to freely code in Pine with mathemagical ideas and mental wizardry, creating ultimately, inventions like this eye candy display above.
Features List Includes:
"Source" selection with asset precision auto-detection (overcomes language decimal precision limitations in Pine Script)
Quality factor adjustment for additional tweaking of the frequency extrapolators
Adjustable horizontal rule to differentiate between more reactive aspects of turning point fluctuations in the lower portion of the chart (visible above)
Visual color scheme techniques for 2D enhancement (all displayed above and color blind compliant)
Adjustable heatmap brightness control
This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. If you do have any questions or comments regarding this indicator, I will consider your inquiries, thoughts, and ideas presented below in the comments section, when time provides it. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!