OPEN-SOURCE SCRIPT
Trend Xplorer By EasyAlgo.in
This script is an indicator called "Trend Xplorer" , designed for use on TradingView. The script uses a combination of moving averages and pivots to identify trends and plot the trend direction on the chart.
The indicator includes several input parameters, including the length of the moving averages used to calculate the trend direction and the pivot length used to identify highs and lows. The user can also select a "Scalping mode" which is an aggressive trend mode.
The script plots two moving averages on the chart to represent the trend direction - a shorter moving average calculated from the pivot lows and a longer moving average calculated from the pivot highs. The script also uses a color-coded fill to indicate the trend direction, with green indicating an uptrend, red indicating a downtrend, and yellow indicating a sideways trend.
The Trend Xplorer indicator can be used to help traders identify trends in the market and enter trades in the direction of the trend. Traders can use the moving averages and pivots to help identify potential support and resistance levels, as well as to help identify potential entry and exit points. The script can also be used in combination with other indicators or strategies to help confirm trading signals.
The indicator includes several input parameters, including the length of the moving averages used to calculate the trend direction and the pivot length used to identify highs and lows. The user can also select a "Scalping mode" which is an aggressive trend mode.
The script plots two moving averages on the chart to represent the trend direction - a shorter moving average calculated from the pivot lows and a longer moving average calculated from the pivot highs. The script also uses a color-coded fill to indicate the trend direction, with green indicating an uptrend, red indicating a downtrend, and yellow indicating a sideways trend.
The Trend Xplorer indicator can be used to help traders identify trends in the market and enter trades in the direction of the trend. Traders can use the moving averages and pivots to help identify potential support and resistance levels, as well as to help identify potential entry and exit points. The script can also be used in combination with other indicators or strategies to help confirm trading signals.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.