Trend Force Histogram — Indicator by alexgrover

A way to see if market is trending or not trending based on highest and lowest closing price. Market is considered to be trending when the indicator is above 0 (in blue) and ranging when under 0 (in red)

Quite simple but its a way to calculate the trend force since trend can be measured thanks to highest/lowest.

Release Notes:

- Updated to v4
- Replaced rising/falling

Check out the indicators we are making at luxalgo: www.tradingview.com/u/LuxAlgo/

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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