Here is an adaptation of TTM_Trend I coded. It's all pretty self explanatory. Aqua = buy and red = sell.
There's only one setting to tweak and it's the look-back for highest and lowest.
I have found that this indicator gives signals at almost identical areas to the TTM_Trend but tend to actually be a little more efficient (earlier buy/sell signals), although I haven't thoroughly back-tested it.
Enjoy!
Please comment below if you have any questions.
There's only one setting to tweak and it's the look-back for highest and lowest.
I have found that this indicator gives signals at almost identical areas to the TTM_Trend but tend to actually be a little more efficient (earlier buy/sell signals), although I haven't thoroughly back-tested it.
Enjoy!
Please comment below if you have any questions.
study("ZTLs Bar_Trend", overlay=true) //Adapted from TTM_Trend by Zack_the_Lego lookback=input(6, defval=6, minval=1, title = "Bar Range") barhigh= highest(lookback) barlow = lowest(lookback) avgprice= sma(close, 5) half = (barhigh[1]-barlow[1])/2 range = barhigh[1]-half barcolor = hl2 >= range ? aqua : red barcolor(barcolor)