PROTECTED SOURCE SCRIPT
Updated Trend Line © MBY_LAB
Hello.
This indicator uses the intersection of the moving average to output a trend line.
In general, the price at which the moving average crosses is interpreted as a meaningful point.
This indicator can be used by anyone.
This indicator outputs three lines.
1. Intersection
This intersection is marked by a horizontal line and can be used as an appropriate stop loss section.
2. Trend line (upper)
This trend line reflects the trend line that reflects the maximum increase. In general, a breakout of this trend line means that the medium-term trend has been broken.
3. Trend line (lower)
This trend line reflects the trend line with the largest decline. In general, a deviation from this trend line is interpreted as a dead cat.
4. Color
The green color appears at the golden cross of the moving average, and the black color appears at the dead cross.
This indicator uses the intersection of the moving average to output a trend line.
In general, the price at which the moving average crosses is interpreted as a meaningful point.
This indicator can be used by anyone.
This indicator outputs three lines.
1. Intersection
This intersection is marked by a horizontal line and can be used as an appropriate stop loss section.
2. Trend line (upper)
This trend line reflects the trend line that reflects the maximum increase. In general, a breakout of this trend line means that the medium-term trend has been broken.
3. Trend line (lower)
This trend line reflects the trend line with the largest decline. In general, a deviation from this trend line is interpreted as a dead cat.
4. Color
The green color appears at the golden cross of the moving average, and the black color appears at the dead cross.
Release Notes
version updates.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Hi, im Quant from KR
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.
Hi, im Quant from KR
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.