DB Trend Break Finder

13 июл. 2022 г.

DB Trend Break Finder

What does the indicator do?

The DB Trend Break Finder indicator is designed to allow for easy visualization of price action trends and works on multiple timeframes (weekly+ recommended). The indicator is faily simple at it's core with background color changes for the following scenarios:

• Lower Lows
  
• Lower Highs (Lagging)
  
• Higher Highs
  
• Lower Lows & Higher High Combos (Lagging)
  
• Higher Lows & Lower Highs Combos (Lagging)
  

How should this indicator be used?

The DB Trend Break Finder indicator should be used for an easy visual reference of the current price action in respect to the previous closing. It can be hopeful for quickly locating price trend changes and possible price action patterns.

Does the indicator include any alerts?

Yes, the script contains alerts for "Lower Low", "Lower High" and "Higher High" conditions. Please note the indicators should be used for alerts to price action changes for manual review and should not be used for robot trading. Some of the plotting is lagging and all of the plots repain in realtime.


Enjoy!