OPEN-SOURCE SCRIPT
Trender
Updated
Trender is an indicator that compiles trend-following ideas in a complete friendly-custom indicator. Based on classic arithmetic moving averages, exponential moving averages, volume and a little bit of Fibonacci. Indicator built and usable in TradingView, focused only for easy visualization of the trend.
Release Notes
GitHub Project: https://github.com/BigMat1/TrenderChangelog:https://github.com/BigMat1/Trender/blob/master/Changelog.md
Release Notes
- 2020-02-19Added
- Over 531441 MAs combination.
- Over 1.4780882941e+38 ways to customize the indicator.
- 9 Types of MAs. SMA, EMA, SWMA, WMA, VWMA, RMA, ALMA, LSMA and HMA
- 6 simultaneous MAs
- Indicator themes. Classic, Modern and Pinky
- Entry lines and Re-Entry lines.
- Tops and Bottoms finder.
Changed
- Highlight consolidation now based on MAs angle with a better accuracy.
- Ignition with a new filtered formula firing less signals and showing more profitable ones.
- New MAs options to customize.
- TrendColor changed to one MA.
Removed
- Volume Ignition and Volume Crosses.
- HullMA Highlighter.
- Highlight consolidation with HullMA.
New usage: Use entry line as guide to re-entry or entry at a new price movement when break the entry line.
Release Notes
Release Notes: - 2020-09-02Added
- New consolidation visuals.
- Candle Highlight consolidations.
- Band Highlight consolidations.
- Band ATR based on higher timeframe, also customizable.
Changed
- Highlight consolidations not default anymore.
- Highlight consolidations now customizable in 3 different types: square, candle and band.
- (Re)Entry lines filters are now considering consolidation and trend direction.
Release Notes
Indicator image update.Release Notes
Release Notes: 09 July 2023Added:
- Streamlined code for improved efficiency and performance.
- Simplified user inputs for easier customization and usability.
- Updated ignition logic based on real-world trading experience and price action.
- Enhanced consolidation values for faster and smarter analysis using moving average angles.
- Two new theme options: Classic (change background color) and Modern (change band color).
- Ignition logic now includes separations by session: US, ASIA, and EUROPE forex trading sessions.
- Customizable times for ignition logic sessions.
Changed:
- Removed clunky codes to optimize the overall system.
- Revamped input structure to simplify user interaction.
- Refined ignition logic to align with practical trading strategies.
- Improved consolidation values for quicker and more accurate assessments using moving average angles.
- Replaced theme colors with two options: Classic and Modern for a clearer visual experience.
Note: I believe these changes will provide a more user-friendly and effective trading tool. Please take advantage of the new customization options and updated features to enhance your trading experience. Additionally, the ignition logic now offers separations by session, allowing you to activate it for the US, ASIA, and EUROPE forex trading sessions, with customizable times. This enhancement aims to provide more flexibility in aligning your trading strategies with specific market sessions.
Release Notes
- Improved input parameter names for better clarity.- Fixed the issue with arrow input options not working as expected.
Release Notes
AddedTooltips: Comprehensive tooltips added to each variable, providing a clear understanding of its impact and function.
Code Comments: In-depth and descriptive comments throughout the code, facilitating comprehension for beginners and aiding in code replication or modification for individual use.
Input Grouping: Reorganized inputs into more easily readable and logical groups, improving overall usability.
Changed
Top and Bottoms Finder: Deprecated finder removed for a streamlined and focused user experience.
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.