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Trendoscope

TrendRangeIdentifier V3

Trendoscope Wizard  
Average True Range (ATR) Trend Analysis Volatility trendrange
120
5
averagetruerange trendanalysis volatility trendrange
This is non-overlay version of
TrendRangeIdentifier V2

Since, we plot trend value which keeps incrementing/decrementing upon every step, this also helps us in identifying strength of trend and how long the trend is going on.

Other changes:

  • Removed display of channels
  • Coloring candles made optional
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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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.

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