OPEN-SOURCE SCRIPT
Projected Crossover Trend
Projected Crossover Trend is a directional trend-following indicator built around projected moving average crossover momentum and Market Direction Indicator (MDI) calculations.
Instead of waiting for a traditional moving average crossover, this indicator attempts to measure projected crossover momentum before the crossover fully develops. This helps identify directional shifts earlier while smoothing market noise through the MDI calculation.
Bullish Regime:
• MDI is positive
• Price is above the slow-length reference close
Bearish Regime:
• MDI is negative
• Price is below the slow-length reference close
Instead of waiting for a traditional moving average crossover, this indicator attempts to measure projected crossover momentum before the crossover fully develops. This helps identify directional shifts earlier while smoothing market noise through the MDI calculation.
Bullish Regime:
• MDI is positive
• Price is above the slow-length reference close
Bearish Regime:
• MDI is negative
• Price is below the slow-length reference close
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.