Dow theory Indicator for Free

Dow theory Indicator for Free ver.1.0

Shows current trends based on Dow theory.
Draws a horizontal line automatically from the latest 2 highs and 2 lows.

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Dow theory is a very famous theory, so if you want to know it, please check it on the Internet.

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Improved input form and internal processing.
There is no change in operation.

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Dow theory Indicator for Free ver.3.0

It is now possible to switch the label mode.
When the "Label Mode" switch is turned on, the price label will be only the last 4 vertices.

ラベルモードの切り替えが可能になりました。
「Label Mode」のスイッチをONにすると、価格ラベルが直近の4頂点のみになります。

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Dow theory Indicator for Free ver. 4.0

Pine script version 5 is now supported.
Refactored and improved internal processing.

Pineスクリプトバージョン5に対応しました。
リファクタリングを行い、内部処理を改善しました。