OPEN-SOURCE SCRIPT
Updated P Trend
This is an original indicator that creates a trend line using daily highs and lows. I wrote it to replace the VWAP indicator when ever the volume data was not available. It gives a general direction of the trend and in some ways performs better than the VWAP in an intraday trading setup.
Release Notes
Trend Line derived from daily highs and lows with entry and exit points. Suitable for Intraday trades in smaller timeframes.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.