OPEN-SOURCE SCRIPT

Long/Short Signals for Trend Identification (15-Minute Chart)

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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.

Penafian

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