⯁ OVERVIEW
The Radius Trend indicator is an innovative technical analysis tool designed to visualize market trends using a dynamic, radius-based approach. By incorporating adaptive bands that adjust based on price action and volatility, this indicator provides traders with a unique perspective on trend direction, strength, and potential reversal points.
The Radius Trend concept involves creating a dynamic trend line that adjusts its angle and position based on market movements, similar to a radius sweeping across a chart. This approach allows for a more fluid and adaptive trend analysis compared to traditional linear trend lines.
◆ KEY FEATURES
-Dynamic Trend Band: Calculates and plots a main trend band that adapts to market conditions.
-Radius-Based Adjustment: Uses a step-based radius approach to adjust the trend band angle.
-Volatility-Adjusted Calculations: Incorporates price range volatility for more accurate band placement.
-Trend Direction Visualization: Provides clear color-coding to distinguish between uptrends and downtrends.
-Flexible Parameters: Allows users to adjust the radius step and initial distance for customized analysis.
-Multi-Timeframe: (experimental). Allows plotting of higher timeframe instances on the current chart.
March 29 Update, download it again.
-MTF math fixed
-MTF support for all MT5 timeframes added
-Filling logic fixed
March 31 Update, download it again.
-Added Dynamic Step Adjustment (ATR based)
-Added MaxBarsToLookBack configurable input, to limit calculations and plotting
-Improved logic and loop execution
-Improved MTF plotting
Based on Radius Trend on TradingView by ChartPrime
https://www.tradingview.com/script/4KIH ... hartPrime/
