Monotonic Trend Analysis — Indicator by LonesomeTheBlue

trendanalysis movingaverage centeredoscillator

by using Monotonic Trend Analysis script you can see if there is uptrend or downtrend. if there is no trend it goes to zero line.

You can change period and threshold values as you wish. Lower period faster response, vice versa.

If you find my works useful, please consider a donation
BTC: 16XRqyS3Vgh1knAU1tCcruqhUrVm4QWWmR

by LonesomeTheBlue

Release Notes:

upgraded to v4

www.youtube.com/@lonesometheblue/videos

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.

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.

Want to use this script on a chart?