Get started
racer8

The Beacon [racer8]

racer8  
Volatility nice-looking
109
0
volatility nice-looking
The Beacon detects when the current true range is higher than the previous highest true range.
When this happens, the beacon will either be blue or red.
Blue - bullish
Red - bearish
Enjoy ;)
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.

Want to use this script on a chart?