Overview TrendFriend (TF) combines various technical analysis components, including trend calculations, moving averages, RSI signals, and Fair Value Gaps (FVG) detection to determine trend reversal and continuation points. The FVG feature identifies potential consolidation periods and displays mitigation levels.
Features Trend Analysis: Utilizes short and long-term Running Moving Averages (RMA) to identify trends. Average True Range (ATR): Plots ATR to depict market volatility. RSI Signals: Calculates RSI and provides buy/sell signals based on RSI conditions. Fair Value Gaps (FVG): Detects FVG patterns and offers options for customization, including dynamic FVG, mitigation levels, and auto threshold.
Usage Buy Signals: Generated based on pullback conditions, contra-buy signals, and crossovers of specified moving averages. Sell Signals: Generated based on pullback conditions, contra-sell signals, and crossunders of specified moving averages. Visualization: FVG areas are visually represented on the chart, and unmitigated levels can be displayed.
Configuration Adjustable parameters for trend periods, ATR length, RSI settings, FVG threshold, and display preferences. Dynamic FVG detection and mitigation level visualization can be enabled/disabled.
Usage Example Trend Analysis: Identify trends with short and long-term moving averages. RSI Signals: Interpret RSI signals for potential reversals. FVG Detection: Visualize Fair Value Gaps and mitigation levels on the chart. Buy/Sell Signals: Receive alerts for buy/sell signals based on specified conditions. Disclaimer This Pine Script code is subject to the terms of the Mozilla Public License 2.0. Use this code at your own risk, and always conduct additional analysis before making trading decisions.
Author Author: devoperator84 License: Mozilla Public License 2.0
Açık kaynak kodlu komut dosyası
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.
For quick access on a chart, add this script to your favorites — learn more here.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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.
For quick access on a chart, add this script to your favorites — learn more here.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.