OPEN-SOURCE SCRIPT

sadosi trends and barrier

This indicator should be used for give ideas.

what they can do?

draw up and down trend lines
draw support and resistance lines
to inform about the current price
signal for high and low prices

how can?
By analyzing the prices in the 3 selected periods, 3 highs and 3 lows prices are marked. With the marked points, trend and resistance lines are drawn. The current price is analyzed and useful calculations displayed in the info box. Finaly adding moving averages. After all these transactions, the trend and resistances become easily visible on the chart.

You can fine-tune the angle of the trend using high and low extensions

you can catch different trend lines by changing the high and low trend points

By changing the periods, you can set position the trend lines more accurately.

When the price is too low or too high, the information box will warn you by change color.

The trend lines to be created are for the purpose of giving an idea and convenience. It can be used on all timeframes, including horizontal trends.