PROTECTED SOURCE SCRIPT
Trend Lite [SolQuant]
The Trend Lite [SolQuant] indicator provides single-timeframe trend detection using Smoothed Moving Average (SMMA) analysis. It displays trend direction on the current timeframe with color-coded gradient fills, making it easy to identify bullish and bearish conditions at a glance.
This is the free version of Trend MTF [SolQuant], offering the core trend detection engine on a single timeframe without the multi-timeframe overlays, pressure zone detection, or market maker candle identification available in the full version.
█ USAGE
Reading the Trend
A smoothed moving average band is displayed on the chart. When the SMMA close is above the SMMA open, the band is bullish (default: blue). When below, it is bearish (default: magenta). A gradient fill extends from the band toward price, growing more visible as the trend strengthens.
The gradient effect provides an intuitive visual cue — a deep, saturated fill means price is moving firmly in the trend direction, while a fading fill suggests the trend may be weakening.
Candle Coloring
Optional candle coloring modes allow the chart candles to reflect the current trend direction or remain a neutral default color.
█ DETAILS
The Smoothed Moving Average is a recursive moving average calculated as: SMMA = (Previous SMMA * (Length - 1) + Current Source) / Length. Both the close and open values are smoothed with the SMMA, then fetched from a scaled-up timeframe using a configurable resolution multiplier. Trend direction is determined by comparing SMMA(close) to SMMA(open).
An additional EMA(10) is applied to the SMMA values for final smoothing before display.
█ SETTINGS
• Enable Candle Coloring: Toggle candle coloring on or off.
• Color Trend Candles: Color candles by trend direction.
• Resolution Multiplier: Scales the timeframe for SMMA calculation (default: 6). Higher = smoother.
• SMMA MA Period: Smoothing period for the SMMA (default: 12).
• Bull / Bear Color: Customizable trend colors.
This indicator is a trend-detection tool and does not constitute financial advice. Past performance does not guarantee future results.
This is the free version of Trend MTF [SolQuant], offering the core trend detection engine on a single timeframe without the multi-timeframe overlays, pressure zone detection, or market maker candle identification available in the full version.
█ USAGE
Reading the Trend
A smoothed moving average band is displayed on the chart. When the SMMA close is above the SMMA open, the band is bullish (default: blue). When below, it is bearish (default: magenta). A gradient fill extends from the band toward price, growing more visible as the trend strengthens.
The gradient effect provides an intuitive visual cue — a deep, saturated fill means price is moving firmly in the trend direction, while a fading fill suggests the trend may be weakening.
Candle Coloring
Optional candle coloring modes allow the chart candles to reflect the current trend direction or remain a neutral default color.
█ DETAILS
The Smoothed Moving Average is a recursive moving average calculated as: SMMA = (Previous SMMA * (Length - 1) + Current Source) / Length. Both the close and open values are smoothed with the SMMA, then fetched from a scaled-up timeframe using a configurable resolution multiplier. Trend direction is determined by comparing SMMA(close) to SMMA(open).
An additional EMA(10) is applied to the SMMA values for final smoothing before display.
█ SETTINGS
• Enable Candle Coloring: Toggle candle coloring on or off.
• Color Trend Candles: Color candles by trend direction.
• Resolution Multiplier: Scales the timeframe for SMMA calculation (default: 6). Higher = smoother.
• SMMA MA Period: Smoothing period for the SMMA (default: 12).
• Bull / Bear Color: Customizable trend colors.
This indicator is a trend-detection tool and does not constitute financial advice. Past performance does not guarantee future results.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.