OPEN-SOURCE SCRIPT
Stx Ma-Trend Finder
measures the inclination of the average slope and allows to relate it to a comparison value, which depends on the asset, and can be set in the settings.
In this way the average will be represented in red when it is inclined downwards and in green upward.
The blue zones will be considered as flat markets.
In this way the average will be represented in red when it is inclined downwards and in green upward.
The blue zones will be considered as flat markets.
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.