This isn't my own work, hence giving it in Open Source library for others to benefit from it too. I have tried to refin the output of trendlines in this Strategy The original Code is available at The script needs some modifications, so I'll be making further updates in future, but for now I'm publishing this because most people don't know how to track...
A trend trading study which allows trend line to work as stoploss level. Take profit and re-entry points have been remastered with trend algorithm.
Fill indicates Strong Trend Cross indicates End of Trend -- El relleno indica una fuerte tendencia cuando el Di supera "Level Trend" El cruce de Di+ con Di- indica el fin de la tendencia Cuando el valor del ADX es menor a "Level Range", estamos en Rango
The Range Action Verification Index or RAVI as it is commonly known is a trend detection indicator. When RAVI is greater than 1% for longs and -1% for shorts (FX setting), the currency is in a trend. The standard MA settings are 7 and 65 days for use on the daily chart, which are the cycles of 7 days and 3 months. For trading the hourly charts the moving averages...
Bar Colors based on trend breaks Trend lines not included, just drawn as an example of what is happening.