OPEN-SOURCE SCRIPT
forex swing 3
Smart Background Logic (The "Filter")
The script changes the chart's background color based on the confluence (agreement) of the SMC trend and the Weekly Pivot:
Bullish (Green Background): When the SMC trend is Bullish AND the current price is above the Weekly Pivot.
Bearish (Red Background): When the SMC trend is Bearish AND the current price is below the Weekly Pivot.
Neutral (Grey Background): When there is no agreement (e.g., trend is Bullish but price is below the pivot), the background turns Grey to signal caution.
The script changes the chart's background color based on the confluence (agreement) of the SMC trend and the Weekly Pivot:
Bullish (Green Background): When the SMC trend is Bullish AND the current price is above the Weekly Pivot.
Bearish (Red Background): When the SMC trend is Bearish AND the current price is below the Weekly Pivot.
Neutral (Grey Background): When there is no agreement (e.g., trend is Bullish but price is below the pivot), the background turns Grey to signal caution.
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.