LookAtMyPenus77

LINEdicator - Trendanalysis tool

This indicator creates an trend channel based on an EMA / SMA combo and a Parabolc SAR indicator.

Watch for the peaks and the size of the red/green channel for possible trend change.
Can also be used as an Entry/Exit/Stop-Loss setting tool.
Release Notes: - forgot some plot titles...
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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Comments

This Trend Analysis tool is awesome for day trading options....
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