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Radius Trend [ChartPrime]

RADIUS TREND

⯁ OVERVIEW
The Radius Trend [ChartPrime] indicator is an innovative technical analysis tool designed to visualize market trends using a dynamic, radius-based approach. By incorporating adaptive bands that adjust based on price action and volatility, this indicator provides traders with a unique perspective on trend direction, strength, and potential reversal points.

The Radius Trend concept involves creating a dynamic trend line that adjusts its angle and position based on market movements, similar to a radius sweeping across a chart. This approach allows for a more fluid and adaptive trend analysis compared to traditional linear trend lines.
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◆ KEY FEATURES
  • Dynamic Trend Band: Calculates and plots a main trend band that adapts to market conditions.
  • Radius-Based Adjustment: Uses a step-based radius approach to adjust the trend band angle.
  • Volatility-Adjusted Calculations: Incorporates price range volatility for more accurate band placement.
  • Trend Direction Visualization: Provides clear color-coding to distinguish between uptrends and downtrends.
  • Flexible Parameters: Allows users to adjust the radius step and initial distance for customized analysis.



◆ USAGE
  • Trend Identification: Use the color and direction of the main band to determine the current market trend.
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  • Trend Strength Analysis: Observe the angle and consistency of the band for insights into trend strength.

  • Reversal Detection: Watch for price crossing the main band or crossing a dashed band as a potential trend reversal signal.
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  • Volatility Assessment: The distance between price and bands can provide insights into market volatility.
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⯁ USER INPUTS
  • Radius Step: Controls the rate of angle adjustment for the trend band (default: 0.15, step: 0.001).
  • Start Points Distance: Sets the initial distance multiplier for band calculations (default: 2, step: 0.1).




The Radius Trend indicator offers traders a unique and dynamic approach to trend analysis. By combining radius-based trend adjustments with volatility-sensitive calculations, it provides a fluid representation of market trends. This indicator is particularly useful for traders looking to identify trend persistence, potential reversal points, and adaptive support/resistance levels across various market conditions and timeframes.
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开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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