cheatcountry

Trend Exhaustion Indicator

The Trend Exhaustion Indicator is a custom indicator of mine that is loosely based on the Trend Exhaustion Index created by Clifford L. Creel Ph .D. (Stocks & Commodities V. 9:1 (9-11))

This indicator will let you know the trend reversal points and when it falls below the signal line then the trend is ending vice versa. Buy when the indicator crosses above the signal line and sell when it falls below the signal line.

Let me know if you would like to see me write any other scripts!
Release Notes: updated to match my other indicators
Release Notes: fixed issue with default resolution
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Kommentarer

wonderful Script. Hey can write script to identify breakout or breakdown prior it breakout or breakdown. It will be great favour for me. Thanks
Svara
cheatcountry Kirandeepc
@Kirandeepc, you can send me a message about this
+1 Svara
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