OPEN-SOURCE SCRIPT
Trend Indicator by Sai
Explanation:
Fast MA & Slow MA: The script uses two simple moving averages (SMA) with adjustable lengths (9 and 21 by default).
Trend Detection: The upTrend is when the fast moving average is above the slow moving average, and the downTrend is when the fast moving average is below the slow moving average.
Arrows: Green arrows are plotted when the market is in an uptrend, and red arrows are plotted when it's in a downtrend.
Bar Color: The bars will be colored green for uptrends and red for downtrends to visually highlight the trend.
Fast MA & Slow MA: The script uses two simple moving averages (SMA) with adjustable lengths (9 and 21 by default).
Trend Detection: The upTrend is when the fast moving average is above the slow moving average, and the downTrend is when the fast moving average is below the slow moving average.
Arrows: Green arrows are plotted when the market is in an uptrend, and red arrows are plotted when it's in a downtrend.
Bar Color: The bars will be colored green for uptrends and red for downtrends to visually highlight the trend.
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