This indicator is derived from my previous one called High – Low Trend Indicator (Expo), but the difference is that this one generates Long signals and detects market changes. These two indicators are intended to be used in the same chart for better accuracy and validation of signals. The indicator is perfectly used to identify pullbacks in positive trends!
HOW TO USE
When a signal appears, consider enter long, or look for confirmation patterns. Such confirmation could be seen in the High – Low Trend Indicator (Expo)when the red cloud disappears or when the black price line crosses out from the red cloud, or when the black price line crosses up over the blue midline.
So,
1. Use the indicator to identify Long signals.
2. Use the indicator to find Entry points in positive trends.
3. Use the indicator to detect market changes.
4. Combine it with High – Low Trend Indicator (Expo).
INDICATOR IN ACTION
The indicator is best presented live, the graphs below are a good guide.
EURUSD
DAX
WALL STREET
GOLD
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Copyright by Zeiierman.
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