OPEN-SOURCE SCRIPT
Updated ACCURATE TREND LEVELS - TABLE PSv6.1
Accurate Trend Level Indicator
Description:
The "Accurate Trend Level" indicator is a powerful tool designed to identify market trends and potential reversals with precision. Built on the concept (foundation) of Swing Highs and Swing Lows, this indicator easily detects uptrends and downtrends, providing traders with clear signals for trend continuation or reversal. Whether you are a swing trader or a trend follower, this indicator offers customization options to suit your trading style.
Key Features:
Trend Identification: Accurately identifies uptrends and downtrends based on Swing High and Swing Low points. This indicator provides signals for Up after Down and Down after Up.
Percentage Adjustment: Includes a customizable percentage factor that reduces false signals and helps identify accurate and strong trends.
Trend Table: Displays essential data in a table, such as:
Last and running Trend Position (Uptrend/Downtrend)
Date and Time of the last and running trend change
Reversal Level (price level for the next potential trend change)
Max. Run-up feature is also provided, which shows how much the market has moved according to the trend.
How It Works:
The indicator analyzes price action using Swing Highs and Lows to determine the current trend direction. A user-defined percentage threshold filters out minor fluctuations, ensuring only significant trends are highlighted. The table provides a quick snapshot of the latest trend data, while reversal levels help traders anticipate the next move.
Description:
The "Accurate Trend Level" indicator is a powerful tool designed to identify market trends and potential reversals with precision. Built on the concept (foundation) of Swing Highs and Swing Lows, this indicator easily detects uptrends and downtrends, providing traders with clear signals for trend continuation or reversal. Whether you are a swing trader or a trend follower, this indicator offers customization options to suit your trading style.
Key Features:
Trend Identification: Accurately identifies uptrends and downtrends based on Swing High and Swing Low points. This indicator provides signals for Up after Down and Down after Up.
Percentage Adjustment: Includes a customizable percentage factor that reduces false signals and helps identify accurate and strong trends.
Trend Table: Displays essential data in a table, such as:
Last and running Trend Position (Uptrend/Downtrend)
Date and Time of the last and running trend change
Reversal Level (price level for the next potential trend change)
Max. Run-up feature is also provided, which shows how much the market has moved according to the trend.
How It Works:
The indicator analyzes price action using Swing Highs and Lows to determine the current trend direction. A user-defined percentage threshold filters out minor fluctuations, ensuring only significant trends are highlighted. The table provides a quick snapshot of the latest trend data, while reversal levels help traders anticipate the next move.
Release Notes
Title :- ACCURATE TREND LEVELS - TABLE PSv6.2Description :
The "Accurate Trend Level" indicator is a powerful tool designed to identify market trends and potential reversals with precision. Built on the concept (foundation) of Swing Highs and Swing Lows, this indicator easily detects uptrends and downtrends, providing traders with clear signals for trend continuation or reversal. Whether you are a swing trader or a trend follower, this indicator offers customization options to suit your trading style. This updated version (PSv6.2 with ATR) is free for everyone to use! Please test it on your charts—stocks, forex, or any market—and share your feedback in the comments. Your input will help me improve it further. Happy trading!
Key Features :-
- Trend Identification: Accurately identifies uptrends and downtrends based on Swing High and Swing Low points. This indicator provides signals for Up after Down and Down after Up.
- Percentage Adjustment: Includes a customizable percentage factor that reduces false signals and helps identify accurate and strong trends.
- Trend Table: Displays essential data in a table, such as:
- Last and running Trend Position (Uptrend/Downtrend)
- Date and Time of the last and running trend change
- Reversal Level (price level for the next potential trend change)
- Max. Run-up feature is also provided, which shows how much the market has moved according to the trend.
- Visual Cues: Plots trend lines (Running Trend, Next TCR, Max High/Low) and labels (Up/Down signals, Max.Run-up (in percentage)).
What's New in this Update :-
- ATR Multiplier Added: Unlike the previous version where results were the same across all timeframes due to fixed percentage logic, the addition of an ATR (Average True Range) Multiplier now adjusts trend levels based on market volatility.
- Unique Results per Timeframe: This update provides different results on various timeframes, making it more effective for both intraday and swing trading.
How to Use :-
- Check the chart’s past performance using the "Max Run-up" feature and set `PER.%` to the level you need. If you want the same results across all timeframes, use only `PER.%`.
- For different results on different timeframes, use only `ATR Multiplier`. You can also combine both `PER.%` and `ATR Multiplier` in small amounts if desired.
Release Notes
Title: ACCURATE TREND LEVELS - TABLE PSv6.3Update Description:
In this updated version (PSv6.3), the table has been modified. Previously, TradingView mobile app users faced issues due to large lines in the table, which caused the display to not appear properly. Now, the table lines have been made shorter and more concise, ensuring that the information is clear and easily readable on mobile screens as well. This change enhances the experience for mobile users.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.