Get started
INVITE-ONLY SCRIPT
Updated

Trend Pullback Reversal TPR

10 688
The TPR(Trend Pullback Reversal) indicator forms a possible price trend with support and resistance lines. It also comes with a unqiue band and center line as additional features.

TPR works on all timeframes and all symbols and all type of bar chart.

TPR never repaints.

There are 4 Parameters:

Period: umber of bars used for calculations
Factor: Multiplier factor, small number for short trend, large number for long trend
Source: the input series, default is Close
ShowBand: enable to show band and center line


Most trend indicators have similar plot, the difference is where and when they change the direction. Unlike other trend indicators, TPR will focus on main trend and filter out most minor price movements. The green cross-line represents an uptrend, the red cross-line represents a downtrend.

The additional band and center line may look like bollinger band, but the TPR band algorithm is completely different from bollingerband. There is no standard deviation in TPR band calculation.





Release Notes
Added a new feature.
Release Notes
Add a new feature and input Band Factor to control the width of the band.
Release Notes
Added plot titles for alert purpose.
Release Notes
Add a new input, Extend Bands which are based on the number of ticks above and below the main TPR plot.
It can be used as trailing stop for intraday chart.
Release Notes
Add a new feature as the Trend Duration Table.
It has the following six info:
  1. Longest Up-Trend
  2. Avg Up-Trend
  3. Latest Up-Trend
  4. Longest Down-Trend
  5. Avg Down-Trend
  6. Latest Down-Trend
Release Notes
Add 2 new alerts.

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Patternsmart directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

"Please Use the link below to obtain access to this indicator".

Warning: please read our guide for invite-only scripts before requesting access.

Patternsmart
patternsmart.com
Also on:
breakoutcrosspullbackresisancereversalsignalsupportTPRtrendTrend Analysis

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.
breakoutcrosspullbackresisancereversalsignalsupportTPRtrendTrend Analysis

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Patternsmart directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

"Please Use the link below to obtain access to this indicator".

Warning: please read our guide for invite-only scripts before requesting access.

Patternsmart
patternsmart.com
Also on:

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.