High - Low Trend Tunnel

High - Low Trend Tunnel Experiment.

Using latest pinescript Array support!

Plotting Highest highs and Lowest lows for specific length (can be defined in settings).
The blue line is whom determinate the direction.
Blue line is the average of the highest highs and lowest lows smoothed by EMA.

Green - Up Trending.
Red - Down Trending.
Yellow - Squeeze, a reversal might be coming.

Any suggestions/comments are welcome as this is an experiment.

發布通知:

* Trend plot is now colored.
* Changed ATR default value from 17 to 14

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Option to disable view of tunnel.
Added additional (optional) Arnaud Legoux Moving Average (ALMA) besides EMA.

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Minor cleanup