OPEN-SOURCE SCRIPT

[Mad] Pivots HL-Trend

Updated
Hi There

This is a Trend-Indicator based on Pivot highs and Pivot lows from different forward-backward lenghts.
As Mohamed3nan is only looking at one timeframe, here is a mtf-version of that

How to use?
This indicator should basically work in each timeframe.
Green is Bullmode, Red is Bearmode
try to find a "IN Trend" setup or go directly in on the switch of the trends...
The riskmanagement is as always in your own hands

you can activate the field, ends up in a mess like this here :D
snapshot



Release Notes
Alarms as requested
Release Notes
Standardsetting Field on -> Field off

Multibit-Implementation
Release Notes
sorting the inputs and different thickness of field
Release Notes
bad screenshot - release :-(
Release Notes
libary update
Release Notes
Added alerts and custom weighting for alert-switching.
standardsetting of this idicator is identical but you can screw around with the values now ^^
MAD-MBSmultibitTrend Analysis

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 publication is governed by House rules. You can favorite it to use it on a chart.

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