OPEN-SOURCE SCRIPT

Adaptive Trend Flow @Tradingade

105
The Adaptive Trend Flow indicator dynamically identifies trend directions and potential reversals by calculating adaptive levels based on exponential moving averages (EMA) and volatility. It uses a combination of smoothed volatility bands and a sensitivity multiplier to determine bullish and bearish zones. The indicator visually highlights trends through bar coloring, background gradients, and plotted lines, and it generates entry signals at trend reversals. With customizable settings, it adapts to various market conditions, providing traders with a clear visual representation of the prevailing trend and potential trade opportunities.

Modified Version of QuantAlgo indicator.

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.