Trend Recognition [by PattRec]

שלשום

This indicator recognizes when we are more likely in a bullish or bearish trend, as well as when the trend is not clearly defined. It has 6 sensitivity modes, arranged from least to most conservative. On intraday timeframes, the more conservative modes may be preferred. Alerts are included. It is not designed to be used as a single, standalone indicator but can be complemented with many other indicators. It's safer to use it not as a tool for when to trade, but rather for when not to trade.

https://www.tradingview.com/x/6lnj7nPn/
https://www.tradingview.com/x/GU0ldMM1/
https://www.tradingview.com/x/a4bN76L2/