Jacky Trend Expert — Indicator by jackytek99

The Trend expert is a calculation of SMA and MA for a special trend formula to estimate the momentum of the daily Trend.

Basically, it is how it read:

1. Red candle is shorterm uptrend.
2. Green candle is a short-term downtrend.
3. The height of the candle is momentum price bet stronger or weaker.
4. Maroon color line is the EMA 20 days. The trend above EMA20 is stronger.

Release Notes:

1. Update Version 5.
2. Add Bull - Bear of the trend line color.
3. Enhance the momentum height of price.

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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