ViewTrend

The ViewTrend indicator provides a visual interpretation of market conditions by coloring the candles and the moving average line based on defined technical criteria.

The algorithm analyzes the relationship between the current closing price, the previous closing price, and the behavior of a simple moving average (SMA). Based on this analysis, the indicator colors the candles and the moving average line according to the technical scenario observed:

Blue — Suggestion: Consider Buy-Only Scenarios

When the moving average is rising, and the current closing price is above the average, the indicator colors the moving average and candles in blue, suggesting a favorable condition for buy (long) trades.

Note: This may indicate an uptrend, but the user should always confirm with their own analysis and risk management.

Red — Suggestion: Consider Sell-Only Scenarios

When the moving average is falling, and the current closing price is below the average, the indicator turns red, suggesting a potential moment to consider sell (short) trades.

Note: This may signal a downtrend, but the user should always validate it with their own strategy and risk controls.

Gray or Light Gray — Suggestion: Wait

When there's no clear alignment between the price behavior and the moving average direction, the indicator shows a neutral color (gray or light gray). This signals a moment of possible indecision, suggesting that the user waits for a clearer condition before entering the market.

Tip: This phase may precede a reversal or consolidation — careful observation is key

The indicator is based on objective technical criteria, but it does not execute trades automatically.

It is meant to be a visual and technical aid, not a recommendation or guarantee of results.

The final decision on any trade is always the user's responsibility, who must consider additional factors such as macroeconomic context, market events, personal risk profile, and more.