INVITE-ONLY SCRIPT
Dilip Trend Finding 2.0
This is based on the Trend Finding Indicator.
The PC is originally taken as the change between the current price - the previous price. I substituted that with Rate of Change . Using a 1 period ROC it's quite similar to the Trend Finding Indicator and increasing the length results in a smoother Trend Finding Indicator.
I hope it helps,
Note: Since Trend Finding Indicator amounts vary across the board. The background height is set to readjust based on the highest bars. This lookback amount is adjustable by the user and it does not affect calculations what so ever.
I find, with the standard settings, it works best on the 1 hour timeframe as shown, but again, can be used on any time frame.
For access, send me a DM on TradingView
The PC is originally taken as the change between the current price - the previous price. I substituted that with Rate of Change . Using a 1 period ROC it's quite similar to the Trend Finding Indicator and increasing the length results in a smoother Trend Finding Indicator.
I hope it helps,
Note: Since Trend Finding Indicator amounts vary across the board. The background height is set to readjust based on the highest bars. This lookback amount is adjustable by the user and it does not affect calculations what so ever.
I find, with the standard settings, it works best on the 1 hour timeframe as shown, but again, can be used on any time frame.
For access, send me a DM on TradingView
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系dilipchowdarythamma。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
This is based on the Trend Finding
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系dilipchowdarythamma。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
This is based on the Trend Finding
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。