ZenAndTheArtOfTrading

Trend Strength Indicator

This indicator uses Heiken Ashi candle data to plot trend strength signals to your chart.

Bright Green: Heiken Ashi candle data is still putting in higher lows and higher highs, and the price closed above the previous low.
Dark Green: Heiken Ashi candle closed green, but had a lower low or lower high (trend weakening).
Bright Red: Heiken Ashi candle data is still putting in lower lows and lower highs, and the price closed below the previous high.
Dark Red: Heiken Ashi candle closed red, but had a higher low or higher high (trend weakening).

Optional: I included a setting for allowing high RSI values to overrule Heiken Ashi values (disabled by default).

This kind of indicator is best used for managing open positions rather than entering trades. It works on all timeframes and instruments.

Feel free to contact me if you have any questions :)

Regards,
- Matt

PS. Here's a snapshot of it against a Heiken Ashi chart for reference:

הערות שחרור: Added -1 offset value to trend strength bars so that they align properly with candles.
הערות שחרור: - Turned RSI override on by default to improve trend strength signal accuracy.
הערות שחרור: Added ability to reference higher timeframe
הערות שחרור: Removed HTF functionality as repainting issues were creating problems.

Indicator no longer repaints, and only uses the current timeframe data for signals.
הערות שחרור: -
- Converted to Pine Script version 4
- Several minor code improvements & optimizations
- Added candle offset (0 = use current bar data, 1 = use previous bar data)
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?
My Resources Hub: https://theartoftrading.com
FREE YouTube Lessons: http://rebrand.ly/zyt
FREE Pine Script Basics Course: http://rebrand.ly/zpsbc
Pine Script MASTERY Course: http://rebrand.ly/zpsmc
My Indicators & Strategies: http://rebrand.ly/zmisc

תגובות

Nice work.
+4 השב
Thank you all your hard work
השב
Thank you for the good indicator.
השב