OPEN-SOURCE SCRIPT
Elaris Trend Lifecycle
Elaris Trend Lifecycle
Overview
Elaris Trend Lifecycle is a trend analysis indicator designed to help traders identify different phases of a market trend using a combination of trend structure, momentum, volatility, and price behavior.
Instead of treating every trend equally, the indicator classifies the current market into distinct lifecycle stages, allowing traders to better understand whether a trend is just beginning, gaining strength, becoming extended, or showing signs of weakening.
The goal is to provide additional context that can assist with trade planning, trend-following strategies, and risk management across different markets and timeframes.
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Lifecycle Phases
• Neutral
No clear directional trend is currently detected.
• Birth
A new bullish or bearish trend is beginning to develop based on moving average alignment and improving momentum.
• Expansion
The trend is strengthening with increasing directional momentum and supportive volatility conditions.
• Maturity
The trend remains intact but has progressed for an extended period or has moved significantly away from its average price.
• Exhaustion
Price begins showing characteristics that may indicate slowing momentum, including extended movement and rejection wicks.
• Reversal Risk
Trend conditions have weakened and structural changes suggest that the probability of continuation has decreased.
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Features
• Multi-stage trend classification
• EMA-based trend engine
• Trend duration tracking
• Momentum evaluation using ADX
• ATR-based volatility expansion analysis
• RSI-assisted exhaustion detection
• Optional confirmed swing structure validation
• Trend lifecycle dashboard
• Dynamic bar coloring
• Background phase visualization
• Bullish and bearish lifecycle signals
• Configurable alerts
• Fully customizable inputs
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Dashboard
The integrated dashboard displays:
• Current lifecycle phase
• Trend direction
• Lifecycle score
• Bars spent in the current trend
• ADX strength
• ATR expansion status
The dashboard supports both dark and light themes.
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Alerts
Alert conditions are available for:
• Trend Birth
• Expansion Phase
• Exhaustion Phase
• Reversal Risk
These alerts can be used for notifications or automated workflows.
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How It Can Be Used
Some examples include:
• Identifying developing trends
• Monitoring trend strength
• Recognizing extended market conditions
• Adding confirmation to trend-following strategies
• Supporting discretionary market analysis
As with any technical indicator, it is intended to be used alongside a broader trading plan and appropriate risk management.
---
Notes
• Signals are generated using confirmed bar data.
• Swing structure confirmation uses confirmed pivots, which naturally require additional bars before confirmation.
• The indicator is designed as an analytical tool and does not predict future market behavior or guarantee trading outcomes.
Overview
Elaris Trend Lifecycle is a trend analysis indicator designed to help traders identify different phases of a market trend using a combination of trend structure, momentum, volatility, and price behavior.
Instead of treating every trend equally, the indicator classifies the current market into distinct lifecycle stages, allowing traders to better understand whether a trend is just beginning, gaining strength, becoming extended, or showing signs of weakening.
The goal is to provide additional context that can assist with trade planning, trend-following strategies, and risk management across different markets and timeframes.
---
Lifecycle Phases
• Neutral
No clear directional trend is currently detected.
• Birth
A new bullish or bearish trend is beginning to develop based on moving average alignment and improving momentum.
• Expansion
The trend is strengthening with increasing directional momentum and supportive volatility conditions.
• Maturity
The trend remains intact but has progressed for an extended period or has moved significantly away from its average price.
• Exhaustion
Price begins showing characteristics that may indicate slowing momentum, including extended movement and rejection wicks.
• Reversal Risk
Trend conditions have weakened and structural changes suggest that the probability of continuation has decreased.
---
Features
• Multi-stage trend classification
• EMA-based trend engine
• Trend duration tracking
• Momentum evaluation using ADX
• ATR-based volatility expansion analysis
• RSI-assisted exhaustion detection
• Optional confirmed swing structure validation
• Trend lifecycle dashboard
• Dynamic bar coloring
• Background phase visualization
• Bullish and bearish lifecycle signals
• Configurable alerts
• Fully customizable inputs
---
Dashboard
The integrated dashboard displays:
• Current lifecycle phase
• Trend direction
• Lifecycle score
• Bars spent in the current trend
• ADX strength
• ATR expansion status
The dashboard supports both dark and light themes.
---
Alerts
Alert conditions are available for:
• Trend Birth
• Expansion Phase
• Exhaustion Phase
• Reversal Risk
These alerts can be used for notifications or automated workflows.
---
How It Can Be Used
Some examples include:
• Identifying developing trends
• Monitoring trend strength
• Recognizing extended market conditions
• Adding confirmation to trend-following strategies
• Supporting discretionary market analysis
As with any technical indicator, it is intended to be used alongside a broader trading plan and appropriate risk management.
---
Notes
• Signals are generated using confirmed bar data.
• Swing structure confirmation uses confirmed pivots, which naturally require additional bars before confirmation.
• The indicator is designed as an analytical tool and does not predict future market behavior or guarantee trading outcomes.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.