PROTECTED SOURCE SCRIPT
Trend Intensity
This indicator uses 5 & 65 EMA to gauge intensity of a trend. It is useful for determining a trends newness & strength.
To calculate Trend Intensity, we simply divide the value of the 5 EMA by 65 EMA.
The indicator uses data from previous 500 bars to automatically calculate the minimum bullish and bearish intensity value, individual to each stock.
When a stock's current intensity is above the minimum bullish intensity value determined from its historical data, the indicator will color the area between the 5 & 65 EMA as Green, indicating an environment favoring Longs.
Similarly, when the stock's current intensity is below the minimum bearish intensity value, the indicator will color the area red, indicating an environment favoring shorts.
Lastly, when the stock is not trading above or below the minimum bullish or bearish intensity respectively, the indicator will color the area yellow, indicating slowing down of momentum or intensity, a choppy sideways environment or change of a trend.
Trend Intensity Indicator is inspired & modeled on the same concept by Mr. Pradeep Bonde(Stockbee).
To calculate Trend Intensity, we simply divide the value of the 5 EMA by 65 EMA.
The indicator uses data from previous 500 bars to automatically calculate the minimum bullish and bearish intensity value, individual to each stock.
When a stock's current intensity is above the minimum bullish intensity value determined from its historical data, the indicator will color the area between the 5 & 65 EMA as Green, indicating an environment favoring Longs.
Similarly, when the stock's current intensity is below the minimum bearish intensity value, the indicator will color the area red, indicating an environment favoring shorts.
Lastly, when the stock is not trading above or below the minimum bullish or bearish intensity respectively, the indicator will color the area yellow, indicating slowing down of momentum or intensity, a choppy sideways environment or change of a trend.
Trend Intensity Indicator is inspired & modeled on the same concept by Mr. Pradeep Bonde(Stockbee).
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受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。