Trend Meter

Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.

When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way

The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend

As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very Powerful however please use with caution

How to Use

The more Trend meters are lit up the better

Look for Support or Resistance Levels for price to be attracted to

Find confluence with other indicators

Enter Long above the Setup Bar

Enter Short Below the Setup Bar

Note di rilascio

Adjusted;

Filter X parameters

Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)

Note di rilascio

Updated Alerts - You can see and set them properly now

Note di rilascio

Fixed issue with Alerts

Note di rilascio

Ability to change dot size

Background Highlight when all 3 conditions are met

Adjusted Alerts

Note di rilascio

Major Update

Added;

Trend Meters - Fast MACD and RSI Signal Line Cross and RSI 13 Above or Below 50
A Second Trend Bar - Trend Bars Show MA Cross or MA direction
Lots of Alerts

All in All a much more accurate Trend Meter to confirm your trades

Note di rilascio

Removed Stochastic Momentum Setups and Replaced them with Wave Trend Signals

Note di rilascio

Fixed Signals - Enjoy but please Back Test

Note di rilascio

Added Alert for "Any Setup" - Combines Wave Trend Setups, 3 conditions met Setups and 5 ? 11 ema crosses

This Alert is very powerful
However please remember to Long or Short only after the Setup Bar is Closed
and to have a very tight stop loss,
Stop Loss at Bottom of Setup Bar for Longs and Top of Setup Bar for Shorts.
If Price hasn't gone your way after a couple of Bars then cancel your order and wait for a new setup

Note di rilascio

As Per Request Added

Alerts for Rapid Color Change for 3 trend meters

Note di rilascio

Long Awaited Update

Removed a lot of non essential alerts

Added Alerts for when Trend Meters line up with Trend Bars - This has been a long standing request by the community

Note di rilascio

Fixed a fault with the Alerts

Note di rilascio

Updated Menu & Alerts

Note di rilascio

Finally the Alerts that Everyone has been asking for!

3 Trend Meters No Longer Align - Possible exit / take profit signal

Wave Trend Signal when the 3 Trend Meters Align

Note di rilascio

Added Indication for Positive or Negative Pressure based on RSI and Wave Trend

Note di rilascio

Adjusted position of Pos/Neg Strength Dots

Note di rilascio

Updated the Look and Function of the Trend Meter and the Menu

Note di rilascio

Updated Chart

Note di rilascio

Updated Chart

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

Lij_MC

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

Lij_MC