BigMat

Trender

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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.

The GOLD RULE is:
❇️ Green background: good upward trend 📈.
🔴 Red background: good downward trend 📉.
⚠️ Yellow or too much exchange between green and red: consolidation.


I was inspired by works such as:

"Setup Tabajara" by "Ogro de Wall Street", André Machado
"TrendRider" by "TradeCiety", Rolf S.

Open Source, GitHub:

https://github.com/BigMat1/Trender
הערות שחרור:
- 2019-10-03

Added
Two optional EMAs
Two optional SMAs
Consolidation highlights.

Changed
Volume Ignition! Now there is a volume crosses and volume ignition!
New code format.

Removed
SMA STOP

# Trender

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.

- **The GOLD RULE is:**
- ❇️ Green background: good upward trend 📈.
- 🔴 Red background: good downward trend 📉.
- ⚠️ Yellow or too much exchange between green and red: consolidation. Also there is a better way to work with consolidations using "Highlight Consolidations". See **USAGE**

## Usage
**Example of a simple approach:**
- Use colors as a trend indicator.
- Use ignition as a moment to pay attention.
- Use and mark the yellow squares, which are the consolidation highlights, as possible exhaustion, continuation, or figures in price action. For example, rectangles.

If you prefer, follow a completely different way to use it.

## Installation

❗️ **This tool works only with TradingView.**

- Access the (https://br.tradingview.com/script/PyzYlt...).
- Scroll down until you find the "BigMat Trender" code.
- Right side of the title "BIGMAT TRENDER" select the star to favorite the script.
- Now it's on your scripts library! Go back to a chart...
- Press "/" to open scripts and indicators window.
- Go to "Favorites" and select "Trender".
- **Voilà!**

## Disclaimer
This tool is for educational purposes only and was created to show how to code in Pine.
**Don't use as a financial guide.**

I was inspired by works such as:
- "Setup Tabajara" by "Ogro de Wall Street", André Machado
- "TrendRider" by "TradeCiety", Rolf S.
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