OPEN-SOURCE SCRIPT
Trend Grading Dashboard V1.0
Trend Grading Dashboard By Piyacham
Logic Overview:
Trend Determination:
BUY: EMA14 is above EMA60.
SELL: EMA14 is below EMA60.
Grading System:
Grade A: The trend is strong; price is trading "beyond" the fast EMA (Above EMA14 for BUY, Below EMA14 for SELL).
Grade B: The price is in a retracement zone between the two EMAs.
Grade C: The price has crossed below the slow EMA (for BUY) or above it (for SELL), suggesting a potential trend weakness or reversal.
Timeframes: The dashboard automatically tracks M1, M3, M5, H1, and H4 regardless of your current chart timeframe.
Key Features:
Configurable EMAs: You can change the lengths of both EMAs in the settings.
Customizable Dashboard: You can move the dashboard to any corner of the chart and adjust colors for the text and headers.
Visual Clarity: The dashboard cells are color-coded based on the trend (Green for BUY, Red for SELL) for quick scanning.
Logic Overview:
Trend Determination:
BUY: EMA14 is above EMA60.
SELL: EMA14 is below EMA60.
Grading System:
Grade A: The trend is strong; price is trading "beyond" the fast EMA (Above EMA14 for BUY, Below EMA14 for SELL).
Grade B: The price is in a retracement zone between the two EMAs.
Grade C: The price has crossed below the slow EMA (for BUY) or above it (for SELL), suggesting a potential trend weakness or reversal.
Timeframes: The dashboard automatically tracks M1, M3, M5, H1, and H4 regardless of your current chart timeframe.
Key Features:
Configurable EMAs: You can change the lengths of both EMAs in the settings.
Customizable Dashboard: You can move the dashboard to any corner of the chart and adjust colors for the text and headers.
Visual Clarity: The dashboard cells are color-coded based on the trend (Green for BUY, Red for SELL) for quick scanning.
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.