OPEN-SOURCE SCRIPT
Moving Average Trend Filter
The original script was posted on ProRealCode by user Nicolas.
Very simple representation of a trend, this one cumulate the candlesticks closes above and under a defined period of a simple moving average. Simple but yet effective to avoid classical whipsaw, i believe this indicator could help any trend followers in trading decision. Any comments are welcome !
Very simple representation of a trend, this one cumulate the candlesticks closes above and under a defined period of a simple moving average. Simple but yet effective to avoid classical whipsaw, i believe this indicator could help any trend followers in trading decision. Any comments are welcome !
Open-source script
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.
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.
Open-source script
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.
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.