There are two components to this script: 1. The moving averages that are plotted to visualize the trend 2. The squares plotted at the bottom of the chart are a combination of Trend Detector 3.0's two set of squares. Green = bullish, yellow = undecided, red = bearish. Use on multiple timeframes to help plan out trades.
Combined the Trend Detector 1.0 and 2.0 and displayed the status of the trends for each of them above and below the chart. Trend Detector 1: Signals displayed above the chart, Green = Bullish, Red = Bearish. TD1 is more simplistic so it's decisions are more binary compared to TD2. Trend Detector 2.0: Signals below chart. Bullish = Green, Yellow = Neutral, Red =...
If you would like to see more of this, comment below. I came up with this strategy today and it is looking pretty good so far...