The Trend Screener

3 dni temu

This indicator helps in market analysis by combining multiple tools:
- Yellow Candle detection (unusual volume candles)
- ADR levels (5-day and 10-day average ranges)
- LOC line (EMA-based trend indicator with optional smoothing and Bollinger Bands)

It is designed for educational and analytical purposes only, not for financial advice.

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Informacje o Wersji

This indicator combines multiple tools to help visualize market structure and trends.
Features include:

LOC EMA (custom smoothed EMA) with adjustable length and color.

Daily ADR (Average Daily Range) levels for 5 and 10 days.

Yellow “Chor” candle highlighting based on volume conditions.

Swing High / Low labels (HH, LH, HL, LL) to identify market swings.

Optional lines connecting swings for better visualization.

Users can customize:

Enable/disable LOC EMA, swing labels, and swing lines.

Adjust colors and lengths for LOC EMA and swing lines.

This indicator is for educational and analytical purposes only and does not provide trading signals.