GRIB Trendline

GRIB Trendline show the distance betwen the price and the SAR with the GRIB settings in percentage. It highlight the elasticity of the wave. It's designed to be used with trendlines to spot the bottoms and the tops.
More explanation here :
and here :

note : do not use "selldot" and "buydot", i was testing something and gave up about the idea
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?
study(title="GRIB Trendline", shorttitle="GRIB Trend")
source = close
start = input(0.057)
increment = input(0.005)
maximum = input(2)
out = sar(start, increment, maximum)
price = ((high+low)/2)
plot(price<out?-((out-low)/price)*100:((high-out)/price)*100, style=line, transp=70, color=white,linewidth=2)


This is what happens if you connect the SAR "buy dots" with each other in a weekly Bitcoin chart (with and without the actual Bitcoin price):

+1 השב
So we had the sell dot (red) and are currently waiting for the buy dot (green)?
LeMogwai Asterix
The indicator published is GridTrend, you re talking about selldot/buydot they are just signal. check out this explanation :
ChartArt LeMogwai
Thanks for your indicator and explanation how to read it. Looks useful. I will test it.