Silver Trend Following Indicator
This indicator is designed to give you clear momentum signal based on a monthly—think of it as your personal trend-spotting assistant. It overlays right on your chart, on monthly timeframe you’re using, and does all the heavy lifting behind the scenes. You’ll see green triangles for positive signals, red triangles for negative signals, and a handy background color switch to keep you in the loop on momentum status. Green means you’re in a momentum; red means you’re on the sidelines.
Getting this bad boy running on TradingView is a breeze. Here’s the step-by-step:
Fire Up TradingView: Load up any silver chart— whatever you’re trading.
Add given code to pine script editor
Save and Add: Hit save, then click “Add to Chart” from the Indicators menu.
Watch the Magic Happen: You’ll start seeing those green buy triangles pop up below the bars and red sell triangles above them. The background will shade green when you’re in a momentum and flip to red when you’re out.
No settings to tweak, no fuss—just plug and play!
Most important it only works on Silver