OPEN-SOURCE SCRIPT
Sigmatrend
Sigmatrend-Strategy Description
This strategy is designed to help identify trend continuation opportunities in the market. It provides Buy and Sell signals based on the confirmation of trend direction and momentum.
How to Use This Strategy:
Buy Signal: A green "BUY" label appears when the strategy identifies an opportunity to go long, signalling the trend is likely to continue upwards.
Sell Signal: A red "SELL" label appears when the strategy identifies an opportunity to go short, signalling the trend is likely to continue downwards.
This strategy is designed to help identify trend continuation opportunities in the market. It provides Buy and Sell signals based on the confirmation of trend direction and momentum.
How to Use This Strategy:
Buy Signal: A green "BUY" label appears when the strategy identifies an opportunity to go long, signalling the trend is likely to continue upwards.
Sell Signal: A red "SELL" label appears when the strategy identifies an opportunity to go short, signalling the trend is likely to continue downwards.
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.
Want to use this script 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.