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Trend Lite [SolQuant]
The Trend Lite [SolQuant] indicator provides single-timeframe trend detection using Smoothed Moving Average (SMMA) analysis. It displays trend direction on the current timeframe with color-coded gradient fills, making it easy to identify bullish and bearish conditions at a glance.
This is the free version of Trend MTF [SolQuant], offering the core trend detection engine on a single timeframe without the multi-timeframe overlays, pressure zone detection, or market maker candle identification available in the full version.
█ USAGE
Reading the Trend
A smoothed moving average band is displayed on the chart. When the SMMA close is above the SMMA open, the band is bullish (default: blue). When below, it is bearish (default: magenta). A gradient fill extends from the band toward price, growing more visible as the trend strengthens.
The gradient effect provides an intuitive visual cue — a deep, saturated fill means price is moving firmly in the trend direction, while a fading fill suggests the trend may be weakening.
Candle Coloring
Optional candle coloring modes allow the chart candles to reflect the current trend direction or remain a neutral default color.
█ DETAILS
The Smoothed Moving Average is a recursive moving average calculated as: SMMA = (Previous SMMA * (Length - 1) + Current Source) / Length. Both the close and open values are smoothed with the SMMA, then fetched from a scaled-up timeframe using a configurable resolution multiplier. Trend direction is determined by comparing SMMA(close) to SMMA(open).
An additional EMA(10) is applied to the SMMA values for final smoothing before display.
█ SETTINGS
• Enable Candle Coloring: Toggle candle coloring on or off.
• Color Trend Candles: Color candles by trend direction.
• Resolution Multiplier: Scales the timeframe for SMMA calculation (default: 6). Higher = smoother.
• SMMA MA Period: Smoothing period for the SMMA (default: 12).
• Bull / Bear Color: Customizable trend colors.
This indicator is a trend-detection tool and does not constitute financial advice. Past performance does not guarantee future results.
This is the free version of Trend MTF [SolQuant], offering the core trend detection engine on a single timeframe without the multi-timeframe overlays, pressure zone detection, or market maker candle identification available in the full version.
█ USAGE
Reading the Trend
A smoothed moving average band is displayed on the chart. When the SMMA close is above the SMMA open, the band is bullish (default: blue). When below, it is bearish (default: magenta). A gradient fill extends from the band toward price, growing more visible as the trend strengthens.
The gradient effect provides an intuitive visual cue — a deep, saturated fill means price is moving firmly in the trend direction, while a fading fill suggests the trend may be weakening.
Candle Coloring
Optional candle coloring modes allow the chart candles to reflect the current trend direction or remain a neutral default color.
█ DETAILS
The Smoothed Moving Average is a recursive moving average calculated as: SMMA = (Previous SMMA * (Length - 1) + Current Source) / Length. Both the close and open values are smoothed with the SMMA, then fetched from a scaled-up timeframe using a configurable resolution multiplier. Trend direction is determined by comparing SMMA(close) to SMMA(open).
An additional EMA(10) is applied to the SMMA values for final smoothing before display.
█ SETTINGS
• Enable Candle Coloring: Toggle candle coloring on or off.
• Color Trend Candles: Color candles by trend direction.
• Resolution Multiplier: Scales the timeframe for SMMA calculation (default: 6). Higher = smoother.
• SMMA MA Period: Smoothing period for the SMMA (default: 12).
• Bull / Bear Color: Customizable trend colors.
This indicator is a trend-detection tool and does not constitute financial advice. Past performance does not guarantee future results.
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Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.