Pinescriptlabs Store indicators: Pinescriptlabs Store cBots : (cBot) Gold & BTC BreakoutSession Pivots(new)
PRICE ACTION (New)
Trailing Smart Algorithm (new)
Prediction Based on Linreg & ATR
SmartTrend Support &
Resistance
Lines
Dynamic
Market Structure
Analysis
of
Turning
Points
Fibonacci
Linear
Regression
Multi-timeframe
Auto
Support and
Resistance
Trend
Lines
All
Support and
Resistance
Levels
๐ **Trend-Following Algorithm** that leverages the **Average True Range (ATR)** ๐ to define a price channel ๐ and determine trend direction (bullish ๐ข or bearish ๐ด). The indicator changes colors and draws lines based on the trend, making it easy to visualize shifts in market momentum. ๐น
### ๐ง **Inputs**:
1. **ATR Periods** โณ:
- Defines the number of periods to calculate the **Average True Range**. This affects the indicator's sensitivity, helping you capture market movements faster or slower.
2. **ATR Multiplier** ๐:
- Adjusts the distance between the trend lines ๐ based on market volatility ๐. A higher value widens the channel, reducing false signals but giving a clearer view of major market moves. ๐
.jpeg)
![Logรณtipo de "Trend Angle Indicator [Iridio Capital]"](https://market-prod-23f4d22-e289.s3.amazonaws.com/10679735-dd41-4a43-9a66-ece9bcbdf9b4_trend angle-logo.png){kind=logo}
