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Trend Table ZeeZeeMon
Multi-Timeframe Trend Indicator
Overview
This indicator identifies trends across multiple higher timeframes and displays them in a widget on the right side of the chart. It serves as an alternative trend-filtering tool, helping traders align with the dominant market direction. Unlike traditional moving average-based trend detection (e.g., price above/below a 200 MA), this indicator assesses whether higher timeframes are genuinely trending by analyzing swing highs and lows.
Trend Definition
Uptrend: Higher highs and higher lows.
Downtrend: Lower highs and lower lows.
A trend reversal occurs when a prior high/low is breached (e.g., in a downtrend, breaking the last high signals an uptrend).
Customization Options
Lookback Period: Adjusts the sensitivity for identifying swing highs/lows (pivot points). A shorter lookback detects more frequent pivots.
Historical Pivot Visibility: Toggle to display past swing highs/lows for verification.
Support/Resistance Lines: Show dynamic levels from recent pivots on higher timeframes. Breaching these lines indicates potential trend changes.
Purpose
Helps traders:
Confirm higher timeframe trends before entering trades.
Monitor proximity to trend reversals.
Fine-tune pivot sensitivity for optimal trend detection.
Note: Works best as a supplementary trend filter alongside other trading strategies.
Overview
This indicator identifies trends across multiple higher timeframes and displays them in a widget on the right side of the chart. It serves as an alternative trend-filtering tool, helping traders align with the dominant market direction. Unlike traditional moving average-based trend detection (e.g., price above/below a 200 MA), this indicator assesses whether higher timeframes are genuinely trending by analyzing swing highs and lows.
Trend Definition
Uptrend: Higher highs and higher lows.
Downtrend: Lower highs and lower lows.
A trend reversal occurs when a prior high/low is breached (e.g., in a downtrend, breaking the last high signals an uptrend).
Customization Options
Lookback Period: Adjusts the sensitivity for identifying swing highs/lows (pivot points). A shorter lookback detects more frequent pivots.
Historical Pivot Visibility: Toggle to display past swing highs/lows for verification.
Support/Resistance Lines: Show dynamic levels from recent pivots on higher timeframes. Breaching these lines indicates potential trend changes.
Purpose
Helps traders:
Confirm higher timeframe trends before entering trades.
Monitor proximity to trend reversals.
Fine-tune pivot sensitivity for optimal trend detection.
Note: Works best as a supplementary trend filter alongside other trading strategies.
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免責事項
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。