OPEN-SOURCE SCRIPT
PriceCounter
Price Counter
Use to identify Price Short Term Trend By
PC = Present Close - 4 Previous Close
PC > 0 Show Value in Green bar
PC 0
Dot = Present Close - 2 Previous High
If PC = 0 or < 0
Dot = Present Close - 2 Previous Low
Indicator will Show momentum of price. PC bar is long mean price move fast .
PC bars are the same color continuously , mean price in trend.
PC bars are often flip color and small bar , mean price sideway and weak momentum.
Use to identify Price Short Term Trend By
PC = Present Close - 4 Previous Close
PC > 0 Show Value in Green bar
PC 0
Dot = Present Close - 2 Previous High
If PC = 0 or < 0
Dot = Present Close - 2 Previous Low
Indicator will Show momentum of price. PC bar is long mean price move fast .
PC bars are the same color continuously , mean price in trend.
PC bars are often flip color and small bar , mean price sideway and weak momentum.
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.
Pragasit Thitaram, CEWA
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.
Pragasit Thitaram, CEWA
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.