OPEN-SOURCE SCRIPT
Trend (5m & 1h) by Ben2010
🧭 What it does:
✅ Checks 5 min and 1 hour timeframes (you can change them).
✅ Evaluates:
RSI: momentum
MACD: direction
VWAP: price vs fair value
Volume: buyers vs sellers
Price structure: Higher High or Lower Low
✅ Combines all into a qualitative strength label (Very Bullish → Very Bearish).
✅ Displays everything in a neat table at the top-right corner.
✅ Checks 5 min and 1 hour timeframes (you can change them).
✅ Evaluates:
RSI: momentum
MACD: direction
VWAP: price vs fair value
Volume: buyers vs sellers
Price structure: Higher High or Lower Low
✅ Combines all into a qualitative strength label (Very Bullish → Very Bearish).
✅ Displays everything in a neat table at the top-right corner.
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.