OPEN-SOURCE SCRIPT

TrendShield Pro | DinkanWorld

330
Smart Trailing Trend System Powered by EMA + ATR

TrendShield Pro is a powerful trend detection and trailing stop indicator designed for traders who rely on pure price movement and volatility tracking.
It dynamically adapts to market conditions using a combination of EMA (Exponential Moving Average) and ATR (Average True Range) to identify the active trend and place a visual trailing stop line.

🔍 How It Works

TrendShield Pro combines trend direction and volatility to create a self-adjusting trailing system:

EMA (Exponential Moving Average):
Smooths price fluctuations and identifies the overall market bias.

ATR (Average True Range):
Measures volatility to determine how far the trailing stop should follow the trend.

Dynamic Bands:
Two invisible thresholds are formed — up and down — around the EMA using the ATR and your chosen Factor value.

Trailing Logic:

When the EMA is rising, the Trailing Stop (TUp) locks in higher lows.

When the EMA is falling, the Trailing Stop (TDown) locks in lower highs.

The indicator switches trend automatically based on price crossing these trailing levels.

🧭 Visuals & Features

Green Trailing Line (Demand Trend): Indicates an active bullish trend.

Red Trailing Line (Supply Trend): Indicates an active bearish trend.

Arrow Signals:

🟢 Up Arrow → Bullish Trend Reversal

🔴 Down Arrow → Bearish Trend Reversal

Diamond Markers: Show points where the trailing line shifts, marking dynamic volatility changes.

⚙️ Inputs
Input Description
EMA Period Length of the Exponential Moving Average
ATR Period Period used for Average True Range calculation
Factor Multiplier for ATR-based volatility expansion

คำจำกัดสิทธิ์ความรับผิดชอบ

ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน