OPEN-SOURCE SCRIPT

Trend Risk Indicator (TRI)

5016
The Trend Risk Indicator is a simple bands indicator made of 2 custom averages of candlesticks ranges calculated within the variable “BandBars” period.

Upper and lower channel bands width can be adjusted with the “Deviation” variable, which act as a simple factor to enlarge the spread between them.

When Close crosses over the upper band, it is a bearish signal and candlesticks are painted in Red.
When Close crosses under the lower band, it’s a bullish signal and candlesticks are painted in Green.

One of the most interesting indicators for 1 minute scalping. Recommended to use on Renko bars.

*drag to chart and pin to scale, also remove borders from candlesticks.

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.