PROTECTED SOURCE SCRIPT
Trigger Line Candles
This is a trend indicator utilizing a 9-period exponential moving average, known as the Trigger Line. When price is above the Trigger Line both the candles and Trigger Line are colored green, indicating an uptrend for price. Price will tend to find support at the Trigger Line when trending above the Trigger Line. When price is below the Trigger Line both the candles and the Trigger Line are colored pink, indicating a downtrend for price. Price will tend to find resistance at the Trigger Line when trending below the Trigger Line.
Coloring price candles based on price relation to the Trigger Line paints a clearer picture of the true short-term trend behind price, rather than traditional price candles which only paint price in two colors representing individual candle up and down movement while no short-term trend identification is utilized.
Indicator inputs are editable; candle colors and T-Line can be turned on/off.
Indicator inspired by Stephen Bigalow's T-Line strategy.
Coloring price candles based on price relation to the Trigger Line paints a clearer picture of the true short-term trend behind price, rather than traditional price candles which only paint price in two colors representing individual candle up and down movement while no short-term trend identification is utilized.
Indicator inputs are editable; candle colors and T-Line can be turned on/off.
Indicator inspired by Stephen Bigalow's T-Line strategy.
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.