OPEN-SOURCE SCRIPT
Three Line Break
This is a modified version of the three line break price representation.
It is composed with 2 lines made of Close price values forming a “cloud”.
If the trend is bullish and the price breach the lower level of the green
cloud, a new bearish trend is taking place.
If the current trend is bearish and the price breakout the upper band of
the cloud, a new bullish trend is forming.
This is a “price action” indicator, signals may be filtered by long term trend
analysis with other indicators such as Supertrend for instance.
It is composed with 2 lines made of Close price values forming a “cloud”.
If the trend is bullish and the price breach the lower level of the green
cloud, a new bearish trend is taking place.
If the current trend is bearish and the price breakout the upper band of
the cloud, a new bullish trend is forming.
This is a “price action” indicator, signals may be filtered by long term trend
analysis with other indicators such as Supertrend for instance.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.