OPEN-SOURCE SCRIPT

Trend Indicator (dow trending) - Fontiramisu

4 367
Indicator showing pivots and interpret a trend out of it.

Pivots are calculating with deviation parameter to validate with more precision.

Trending moves are calculated according to Dow Theory :
  • In an uptrend, if the price made a new high, the price must make a new high to confirm the trend, otherwise, it might signal a possible change in the trend.
  • In an uptrend, if the price made a new low, the price must make a new low to confirm the trend, otherwise, it might signal a possible change in the trend.



The indicator can show 2 trends with 2 different "Pivot Depth"
See indicator parameters.

Tab is display at the bottom right corner to show trend direction and if it is hesitating


Fontilab Library is used to code this indicator

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。