OPEN-SOURCE SCRIPT
New extremum trend
Script for filtering out periods when market is not trending.
It defines downtrend as following:
Lowest price of last 2 days is equal or lower then lowest price of last 100 days.
Values 2 and 100 are customizable.
Uptrend analogically with highs.
It defines downtrend as following:
Lowest price of last 2 days is equal or lower then lowest price of last 100 days.
Values 2 and 100 are customizable.
Uptrend analogically with highs.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.