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MohitMarwaha

Trend Filter

MohitMarwaha Updated   
Trend Analysis trendbars trend trendtrading
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trendanalysis trendbars trend trendtrading
The indicator paints the bar colours based on the average open and average close for past N days.
if average close is above average open, the bars are coloured green, otherwise they are coloured red

It can be used as a general trend filter on weekly, daily bars. even on intraday timeframes, this would work well and give a sense of the current trend direction.
Release Notes:
Added the Moving Average Plots and an additional arrow whenever there is a trend change.
MohitMarwaha
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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