TrendProphet
Predicts trend. When the centerline is blue confidence in future trend prediction is high. when red or green matching current prediction trend is medium to low confidence.
study(title="TrendProphet", shorttitle="TrendProphet", overlay=false) // Script created by Killrb13 ma10 = sma(close,10) ma20 = sma(close,20) ma50 = sma(close,50) smoothedMA = avg(ma10,ma20,ma50) cl10 = close[10] signal = (cl10-smoothedMA) signalBar = (signal-smoothedMA+close) E = signalBar[10] lineColor = iff (signalBar >= 0,green,red) plot(signalBar, color=lineColor, style=histogram, linewidth=2) Z = (E* (-1)) X = (Z+abs(E)) confidenceColor = iff (X <=signalBar,blue,lineColor) plot(0, color=confidenceColor, style=line, linewidth=5)