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TIL Trend Navigator
Trading Indicator Lab’s Trend Navigator for TradingView is an indicator that can help you reveal the underlying trends in any chart on any timeframe.
Determining Trends
It only takes a minute or two to analyze the indicator with its simple yet insightful methods of representing bullish, bearish and ranging price action across the chart. It forms a single line that runs in 3 directions:
- Upward direction – represents a significant bullish price action
- Horizontal direction – represents ranging price action or consolidation
- Downward direction – represents a significant bearish price action
The indicator borrows the concept of Renko charts where upward and downward price action are shown to move at a single identical angle. This makes the indicator more intuitive and easier to read.
Support and Resistance
That’s not all. The Trend Navigator can also serve as a support or resistance line at any given point in the bar history. This is distinguished with the dual colors of the lines which alternates at each segment:
- Support segment (green) – the segment acts as support where price moves above the line
- Resistance segment (orange) – the segment acts as resistance where price moves below the line
Breakouts occur when the bar crosses above or below the Trend Navigator, at which point, its line changes color to signal the change of its role as a support or resistance level.
Available Alert Conditions
- Cross – triggers when price crosses the Trend Navigator
- Soar – triggers when majority of the bar’s body crosses above the Trend Navigator
- Plummet – triggers when majority of the bar’s body crosses below the Trend Navigator
- Uptrend – triggers when a new uptrend is detected
- Downtrend – triggers when a new downtrend is detected
- Ranging – triggers when a new ranging price action is detected
- Trend Reversal – triggers when either an uptrend or downtrend is detected
Inputs
- Length – sets the number of bars the indicator analyzes at each execution
- Support Segment Color – allows the user to change the color of the support segments. Its default color is green
- Resistance Segment Color – allows the user to change the color of the resistance segments. Its default color is orange
Determining Trends
It only takes a minute or two to analyze the indicator with its simple yet insightful methods of representing bullish, bearish and ranging price action across the chart. It forms a single line that runs in 3 directions:
- Upward direction – represents a significant bullish price action
- Horizontal direction – represents ranging price action or consolidation
- Downward direction – represents a significant bearish price action
The indicator borrows the concept of Renko charts where upward and downward price action are shown to move at a single identical angle. This makes the indicator more intuitive and easier to read.
Support and Resistance
That’s not all. The Trend Navigator can also serve as a support or resistance line at any given point in the bar history. This is distinguished with the dual colors of the lines which alternates at each segment:
- Support segment (green) – the segment acts as support where price moves above the line
- Resistance segment (orange) – the segment acts as resistance where price moves below the line
Breakouts occur when the bar crosses above or below the Trend Navigator, at which point, its line changes color to signal the change of its role as a support or resistance level.
Available Alert Conditions
- Cross – triggers when price crosses the Trend Navigator
- Soar – triggers when majority of the bar’s body crosses above the Trend Navigator
- Plummet – triggers when majority of the bar’s body crosses below the Trend Navigator
- Uptrend – triggers when a new uptrend is detected
- Downtrend – triggers when a new downtrend is detected
- Ranging – triggers when a new ranging price action is detected
- Trend Reversal – triggers when either an uptrend or downtrend is detected
Inputs
- Length – sets the number of bars the indicator analyzes at each execution
- Support Segment Color – allows the user to change the color of the support segments. Its default color is green
- Resistance Segment Color – allows the user to change the color of the resistance segments. Its default color is orange
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡tradingindicatorlab。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Please feel free to send us a private message here on TradingView to gain access to this indicator.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡tradingindicatorlab。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Please feel free to send us a private message here on TradingView to gain access to this indicator.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。