LARP_Capital

Pump_Doctor Trends

**You must enable bar colors in the options for the script if you wish to see them**
This indicator is very useful for spotting trends / tops / bottoms.

This is the ultimate altcoin pump spotting tool. Use on higher timeframes for greatest accuracy. If altcoin is newish (ZEC for example), try 4h rather than 1D or 3D.

Green = Uptrend
Red = Downtrend
Gray = Top/local top, bottom/local bottom, or continuation. You will need some knowledge of price action to determine which condition applies.

You can use the oscillator at the bottom as a measure of momentum / trend strength. You can draw trendlines on the oscillator on the top/bottom or the interior.



Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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