OPEN-SOURCE SCRIPT
TrendFriend

Overview
TrendFriend (TF) combines various technical analysis components, including trend calculations, moving averages, RSI signals, and Fair Value Gaps (FVG) detection to determine trend reversal and continuation points. The FVG feature identifies potential consolidation periods and displays mitigation levels.
Features
Trend Analysis: Utilizes short and long-term Running Moving Averages (RMA) to identify trends.
Average True Range (ATR): Plots ATR to depict market volatility.
RSI Signals: Calculates RSI and provides buy/sell signals based on RSI conditions.
Fair Value Gaps (FVG): Detects FVG patterns and offers options for customization, including dynamic FVG, mitigation levels, and auto threshold.
Usage
Buy Signals: Generated based on pullback conditions, contra-buy signals, and crossovers of specified moving averages.
Sell Signals: Generated based on pullback conditions, contra-sell signals, and crossunders of specified moving averages.
Visualization: FVG areas are visually represented on the chart, and unmitigated levels can be displayed.
Configuration
Adjustable parameters for trend periods, ATR length, RSI settings, FVG threshold, and display preferences.
Dynamic FVG detection and mitigation level visualization can be enabled/disabled.
Usage Example
Trend Analysis: Identify trends with short and long-term moving averages.
RSI Signals: Interpret RSI signals for potential reversals.
FVG Detection: Visualize Fair Value Gaps and mitigation levels on the chart.
Buy/Sell Signals: Receive alerts for buy/sell signals based on specified conditions.
Disclaimer
This Pine Script code is subject to the terms of the Mozilla Public License 2.0. Use this code at your own risk, and always conduct additional analysis before making trading decisions.
Author
Author: devoperator84
License: Mozilla Public License 2.0
TrendFriend (TF) combines various technical analysis components, including trend calculations, moving averages, RSI signals, and Fair Value Gaps (FVG) detection to determine trend reversal and continuation points. The FVG feature identifies potential consolidation periods and displays mitigation levels.
Features
Trend Analysis: Utilizes short and long-term Running Moving Averages (RMA) to identify trends.
Average True Range (ATR): Plots ATR to depict market volatility.
RSI Signals: Calculates RSI and provides buy/sell signals based on RSI conditions.
Fair Value Gaps (FVG): Detects FVG patterns and offers options for customization, including dynamic FVG, mitigation levels, and auto threshold.
Usage
Buy Signals: Generated based on pullback conditions, contra-buy signals, and crossovers of specified moving averages.
Sell Signals: Generated based on pullback conditions, contra-sell signals, and crossunders of specified moving averages.
Visualization: FVG areas are visually represented on the chart, and unmitigated levels can be displayed.
Configuration
Adjustable parameters for trend periods, ATR length, RSI settings, FVG threshold, and display preferences.
Dynamic FVG detection and mitigation level visualization can be enabled/disabled.
Usage Example
Trend Analysis: Identify trends with short and long-term moving averages.
RSI Signals: Interpret RSI signals for potential reversals.
FVG Detection: Visualize Fair Value Gaps and mitigation levels on the chart.
Buy/Sell Signals: Receive alerts for buy/sell signals based on specified conditions.
Disclaimer
This Pine Script code is subject to the terms of the Mozilla Public License 2.0. Use this code at your own risk, and always conduct additional analysis before making trading decisions.
Author
Author: devoperator84
License: Mozilla Public License 2.0
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.