PROTECTED SOURCE SCRIPT
Magnet Trend Indicator
Use: /--
-- When price is sticking to the upper green magnet, it indicates a stronger uptrend.
-- When price is sticking to the lower magnet, it indicates a stronger downtrend.
-- Inside the cloud you'll see a purple MA line, this is used to catch possible trend reversals, if price closes above this line the cloud will turn green, wait for price to move away from magnets to confirm trend reversals.
// -- Still testing and upgrading so it's not great at the minute!
enjoy :)
Tested using forex only, it may still work for crypto, stocks and others but i have not tested it on those.
-- When price is sticking to the upper green magnet, it indicates a stronger uptrend.
-- When price is sticking to the lower magnet, it indicates a stronger downtrend.
-- Inside the cloud you'll see a purple MA line, this is used to catch possible trend reversals, if price closes above this line the cloud will turn green, wait for price to move away from magnets to confirm trend reversals.
// -- Still testing and upgrading so it's not great at the minute!
enjoy :)
Tested using forex only, it may still work for crypto, stocks and others but i have not tested it on those.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.