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Midlines

brobear Updated   
Trend Analysis midline decay highlow
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3
trendanalysis midline decay highlow
A sibling indicator of "Midline Oscillator".

Historical high/low/midlines overlay price action, showing how the "Midline Oscillator" works.

See the comments at the beginning of the script for a complete description.
Release Notes:
Version 2
Added alert conditions for each line set when new highs and new lows are created.
Release Notes:
Version 3
  • Fix bug (pointed out by @rhanna), hull filter now works when displaying oscillation lines.
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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