PROTECTED SOURCE SCRIPT
DTA Seven-Candle Trend Indicator

Seven candles Trend Identifier
📊 Output:
* Trend shown in table: "Uptrend", "Downtrend", or "Sideways"
* Strength level:
* "Strong" = 10+ confirmations (HH/HL or LL/LH)
* "Moderate" = 6–9 confirmations
* "Weak" = anything else (Sideways)
* All colors sync with background and label styles
The yellow background color in the script indicates a sideways trend — meaning:
🟨 Yellow Background = Sideways Market
This occurs when:
* The last 7 candles do not form a clear uptrend (higher highs & higher lows)
* And also do not form a clear downtrend (lower highs & lower lows)
🔍 Why It Happens:
* Mixed candle structure
* Price is oscillating in a range
* No dominant directional momentum
* Often seen before breakouts or during consolidation
✅ Example:
Imagine the last 7 candles had highs and lows like this:
Bar High Low
1 100 95
2 98 94
3 101 96
4 100 95
5 99 93
6 102 97
7 100 95
In this case:
* Not consistently making higher highs/lows (so not uptrend)
* Not consistently making lower highs/lows (so not downtrend)
➡️ Therefore, the script marks it as sideways, and the background turns yellow.
📊 Output:
* Trend shown in table: "Uptrend", "Downtrend", or "Sideways"
* Strength level:
* "Strong" = 10+ confirmations (HH/HL or LL/LH)
* "Moderate" = 6–9 confirmations
* "Weak" = anything else (Sideways)
* All colors sync with background and label styles
The yellow background color in the script indicates a sideways trend — meaning:
🟨 Yellow Background = Sideways Market
This occurs when:
* The last 7 candles do not form a clear uptrend (higher highs & higher lows)
* And also do not form a clear downtrend (lower highs & lower lows)
🔍 Why It Happens:
* Mixed candle structure
* Price is oscillating in a range
* No dominant directional momentum
* Often seen before breakouts or during consolidation
✅ Example:
Imagine the last 7 candles had highs and lows like this:
Bar High Low
1 100 95
2 98 94
3 101 96
4 100 95
5 99 93
6 102 97
7 100 95
In this case:
* Not consistently making higher highs/lows (so not uptrend)
* Not consistently making lower highs/lows (so not downtrend)
➡️ Therefore, the script marks it as sideways, and the background turns yellow.
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受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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。