PROTECTED SOURCE SCRIPT
Bottom Up - Slope Trend Detector
Slope Trend Detector by Bottom Up
This indicator is a simple slope trend detector which highlights clearly current market bias.
It uses an EWMA to get a smoother moving average on which to identify the trend by monitoring the slope. EWMA reduces noise and gives a more reliable trend reading.
It isn't subject to repaint and sends an alert whenever the trend changes.
It shows two moving averages simultaneously, a faster one and a slower one, whose periods can be customized by the user, to have a clear reading of the current market condition, allowing to distinguish retracements from long-term structural changes.
Add to chart. Turn on alerts. Happy trading!
Bottom Up - The Ecosystem Designed for Traders
bottomup.finance/
This indicator is a simple slope trend detector which highlights clearly current market bias.
It uses an EWMA to get a smoother moving average on which to identify the trend by monitoring the slope. EWMA reduces noise and gives a more reliable trend reading.
It isn't subject to repaint and sends an alert whenever the trend changes.
It shows two moving averages simultaneously, a faster one and a slower one, whose periods can be customized by the user, to have a clear reading of the current market condition, allowing to distinguish retracements from long-term structural changes.
Add to chart. Turn on alerts. Happy trading!
Bottom Up - The Ecosystem Designed for Traders
bottomup.finance/
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.