Get started
SuYan

Bars Characteristics

SuYan  
Trend Analysis
11
0
trendanalysis
This code is for defining or explaining market conditions via micro trend and the characterized bars.

lines 5,6: show the conditions for a normal trend, means market can go in the direction that it has in the past.

lines 11,12: show the conditions for kind of the trend having cumulative energy itself, mean market can go in the same direction.

lines 18,19: show the conditions for kind of the trend having overbought/sold concept, means it's better exit from the market or to look for the other clues.

lines 24,25: show some kind of noise not a stable trend, it's better not to enter the market.


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.

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.

Want to use this script on a chart?