OPEN-SOURCE SCRIPT
Long/Short Signals for Trend Identification (15-Minute Chart)
This is a Pine Script for long and short signals, visualized to help confirm the trends of the stocks I am considering.
This chart combines the current price position based on LRL (280, 85, 33) with Bollinger Bands (30, 1.4).
The key idea in using this chart is:
When long or short signals are first detected, it may indicate a potential trend reversal.
When signals continue to appear consecutively, it suggests a strong ongoing price trend.
Periods with no signals can be interpreted as sideways movement, and it may be better to stay on the sidelines during these phases.
I hope this can be even slightly helpful in your trading.
This chart combines the current price position based on LRL (280, 85, 33) with Bollinger Bands (30, 1.4).
The key idea in using this chart is:
When long or short signals are first detected, it may indicate a potential trend reversal.
When signals continue to appear consecutively, it suggests a strong ongoing price trend.
Periods with no signals can be interpreted as sideways movement, and it may be better to stay on the sidelines during these phases.
I hope this can be even slightly helpful in your trading.
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.