OPEN-SOURCE SCRIPT
[Mad] Pivots HL-Trend
Updated
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 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.
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