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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
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫tradingindicatorlab。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。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.
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫tradingindicatorlab。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。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.
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。