Zeiierman

Adaptive Trend Lines (Expo)

Adaptive Trend Lines (Expo) identifies the current trend direction within the selected lookback period. The idea behind the indicator is that the trend lines should self adjust to the constantly changing market. The indicator adjusts itself to the market by using tr (true range) and stdev (standard deviation) as dynamic variables.

The indicator displays positive- and negative trend channels.

HOW TO USE

1. Use the indicator to identify the trend direction.


I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!


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Disclaimer


Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Looks great! I agree with the comments below any ideas how to add alerts to this?
+1 Reply
It looks wonderful.
Thank alot.
+1 Reply
Thanks for sharing, would be great if you could add alerts for trend breaks and bar coloring based on trend breaks.
+1 Reply
interesting...that's great idea
+1 Reply
Interesting! Thanks for sharing. You could add an alert condition on broken trend lines that would make it even more useful :)
+1 Reply
Hi! The script is good! I use it in conjunction with the Z bar. I hope you will find this information useful.
Reply
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