PROTECTED SOURCE SCRIPT
SolQuant Trend Lite
Overview
SolQuant Trend Lite is a high-performance trend detection tool designed to identify the directional bias of the current timeframe using smoothed moving average (SMMA) analysis. This is the lite version of the SolQuant Trend MTF, specifically focused on providing a clean and responsive visualization of single-timeframe momentum.
Key Features
How it Works
[cite_start]The script calculates an SMMA variant based on the open and close of the candles, modified by a user-defined resolution multiplier[cite: 331]. [cite_start]When the smoothed close is above the smoothed open, the indicator identifies a bullish trend; conversely, a bearish trend is identified when the smoothed close is below the smoothed open[cite: 332]. [cite_start]A dynamic price anchor (EMA of high/low) is used to generate the gradient fills that track the trend's momentum[cite: 333].
SolQuant Trend MTF vs. Lite
While this Lite version provides essential single-timeframe trend detection, the full SolQuant Trend MTF indicator includes:
Disclaimer
This script is for educational and analytical purposes only. It does not constitute financial advice.
SolQuant Trend Lite is a high-performance trend detection tool designed to identify the directional bias of the current timeframe using smoothed moving average (SMMA) analysis. This is the lite version of the SolQuant Trend MTF, specifically focused on providing a clean and responsive visualization of single-timeframe momentum.
Key Features
- SMMA Trend Logic: Uses a smoothed moving average approach with a resolution multiplier to filter out market noise and define the core trend.
- Dynamic Gradient Visualization: Features a responsive gradient fill that expands between the price action and the SMMA bands to visualize trend strength.
- Customizable Candle Coloring: Includes an optional toggle to color candles based on the current trend state (Bullish/Bearish) for immediate visual confirmation.
- Visual Clarity: Displays trend direction via color-coded bands and fills directly on the chart overlay.
How it Works
[cite_start]The script calculates an SMMA variant based on the open and close of the candles, modified by a user-defined resolution multiplier[cite: 331]. [cite_start]When the smoothed close is above the smoothed open, the indicator identifies a bullish trend; conversely, a bearish trend is identified when the smoothed close is below the smoothed open[cite: 332]. [cite_start]A dynamic price anchor (EMA of high/low) is used to generate the gradient fills that track the trend's momentum[cite: 333].
SolQuant Trend MTF vs. Lite
While this Lite version provides essential single-timeframe trend detection, the full SolQuant Trend MTF indicator includes:
- Multi-timeframe trend analysis for higher-context trading.
- Market Maker (MM) candle detection.
- Pressure candle identification for spotting potential reversals.
Disclaimer
This script is for educational and analytical purposes only. It does not constitute financial advice.
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.