Nehan Trend Assist
This indicator combines the following concepts into a single framework:
• ATR-based trailing logic to visualize directional pressure and trend transitions
• EMA trend filtering (EMA 20 / EMA 50) to identify whether the market is in a bullish or bearish environment
• Optional Heikin Ashi source to reduce noise and smooth price behavior during volatile conditions
Core Concept
The purpose of this script is not to generate standalone buy/sell signals.
Instead, it serves as a context and confirmation tool to support discretionary trading decisions.
Signals are displayed only when:
• A directional change is detected by the ATR trailing logic, and
• The broader trend direction is aligned using EMA filters (when enabled)
This helps reduce counter-trend indications during strong trending conditions.
How to Use
• Use this indicator together with your own analysis, such as price action, support/resistance, or volatility tools
• Signals should be treated as alerts or points of interest, not execution commands
• Best suited for trend-following environments on intraday timeframes
This script is intended for educational and analytical purposes only and does not constitute financial or trading advice.
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 mikadogold488 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
Disclaimer
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 mikadogold488 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.