Trend Pulse Line
- 지표
- Maksim Novikov
- 버전: 1.0
Simple and intuitive tool for visual trend filtering based on a moving average. The indicator displays a single line on the chart but changes its color depending on the price's position relative to this line, helping you quickly determine the prevailing market direction.
How It Works
The indicator calculates a moving average (default EMA 50) on the selected timeframe. It then analyzes the relationship between the candle's closing price and the line's value:
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If the close price is above the line, the indicator draws the line in green. This signals a potential uptrend or bullish momentum.
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If the close price is below the line, the indicator draws the line in red. This indicates a potential downtrend or selling pressure.
Key Features
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Visual Trend Separation: A single glance at the chart reveals whether the price is above or below a key dynamic level.
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Flexible Settings: You can choose any calculation timeframe, moving average type (EMA, SMA, SMMA, LWMA), period, and applied price.
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Simplicity: The indicator does not clutter the chart with extra elements; it simply modifies the display of a standard tool.
Input Parameters
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Timeframes — Timeframe for calculating the moving average (can differ from the current chart).
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MaPeriod — Moving average period.
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MaShift — Horizontal shift of the line.
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MaMethod — Averaging method (Simple, Exponential, Smoothed, Linear Weighted).
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Price — Price used for calculation (Close, Open, High, Low, etc.).
This indicator is suitable for traders who use moving averages in their trading as dynamic support/resistance levels or as a trend filter.
