Hello,

This is my first indicator for Prorealcode!
It allows to detect trends and indicates when the pullback ends.

The code is quite simple :
For a bullish trend the short moving averages are above the long ones, the low bollinger band is higher than the previous period, and the price is still below the moving average 20.

I take a trade as soon as the price pass the highest/lowest of the previous candle.
For stop loss and takeprofit, I use it in 2 ways depending on the presence or absence of bottom trend on the upper TF:

1. With a trend also on higher TFs :
StopLoss above/below the former high/low
TP1: the opposite bollinger band
TP2: the Fibonnacci extension 161.8.

2. With no trend on the upper TF :
StopLoss above/below the previous spark plug.
TP1: the moving average 20
TP2: The Opposite Bollinger Band

If you have any ideas for improvements don’t hesitate to share them.
I still need to make some improvements before posting the final version in the library.

Pullback in trend :

// Conditions for bollinger band
indicator1 = BollingerDown[20](close)
c1 = (indicator1 > indicator1[1])
indicator2 = BollingerUp[20](close)
c2 = (indicator2 < indicator2[1])

// Conditions for moving average
c3 = (BollingerDown[20](close)>Average[50](close) AND Average[50](close) > Average[100](close) AND Average[100](close) > Average[200](close))
c4 = (BollingerUp[20](close)< Average[50](close) AND Average[50](close) < Average[200](close) AND Average[100](close) < Average[200](close))
C5 = high < Average[20](close)
C6 = low > Average[20](close)

IF C1 AND C3 AND C5 then
DRAWARROWUP(barindex[1],BollingerDown[20])coloured(0,255,0)
endif

IF C2 AND C4 AND C6 then
DRAWARROWDOWN(barindex[1],BollingerUp[20])coloured(255,0,0)
endif

Return

PULLBACK-IN-TREND.png