1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
28 lines of Pine Script v5 from color-trend-lite.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
Snag - Best Futures Color Trend treats the highest and lowest of those earlier opens as the range, the prior open as the synthetic open, and the current open as the synthetic close. From those values it derives high, low, and common price sources, then rounds them to the instrument tick. It plots the reconstructed candle on the price chart, coloring it blue when the synthetic close is below the synthetic open and red otherwise. There are no user inputs, alerts, or trading rules.
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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