OPEN-SOURCE SCRIPT
Trend Target
- Determines the trend direction based on the last 3 candles.
- Provides a target (dotted line) and a stop loss (solid line) derived from the price action over the last 3 candles.
- Green dotted target is for a bullish position, red dotted target is for a bearish position and gray solid lines are for range-bound sideways movement amongst the last 3 candles.
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.