TREND CIRCLE + DIVERGENCES overlay
Another instrument included is supply and demand (SnD, OrderBlock) to complete the technical to facilitate users in trading activities.
=========================================
This indicator strategy is not suitable for the forex, stock, and crude oil markets. It’s only tested on FCPO and CRYPTO(BTC, ETH, BNB) markets.
In fact, this indicator was built specifically for the Futures Crude Palm Oil ( FCPO ).
And it’s available for ANY TIMEFRAME. The selection of the time frame depends on the strategy. For example, the intraday strategy's appropriate time frame is 3M, 5M, and 15 minutes. For swing/overnight, 15M, 30M, 1H. The best-winning rates = 5M.
===========================================
The TCD INDICATOR ( wave trend ) follows swings in a volatile market which is why this particular indicator is very useful to identify the price at the bottom or the top and also be able to detect trend changes and divergences that occur.
Parameter that’s used
1. Stochastic Relative Strength Index
2. Moving Average ( Super Smooth)
3. Pivot point High-Low
4. Volume Threshold
==============================================
Key of indicator
a) Buy/Sell signals
= Regular divergence allows you to see a trend reversal or continuation. This is the
best signal to make decisions to sell short or buy long.
b) Blue/Yellow circles
= level of oversold/overbought. When it comes out, so trend potentially to reversal/changed.
Here we consider to buy/sell
c) Green/Red triangles
= They happen after oversold/overbought level. Here trend changes from the current trend.
It’s also for buy/sell signals for scalping.
d) Strong signals
= Strong buy/sell signals when both Red/Yellow circles and red Sell/green Buy
signals come out together. There is the best confirmation for the reversal of the
trend. Sometimes triangle signal also occurs. That was a Triple's signal.
e) Supply and Demand zone
= Blue line/background is supply zone and possibility for buy/target(TP) zone.
= Red line/background is demand zone and possibility for sell/target(TP) zone.
===============================================================
Display on the chart
Strong buy/sell
Day trading set-up
Swing set-up
DISCLAIMER:
All technical signals and strategies using this indicator are for educational purposes. Take it at your own risk.
Remove plots that are stacked on the main chart
Script su invito
L'accesso a questo script è riservato agli utenti autorizzati dall'autore, solitamente dietro pagamento di una commissione. Puoi aggiungerlo ai preferiti, ma sarai in grado di utilizzarlo solo una volta ricevuto il via libera da parte dell'autore. Per ulteriori informazioni, contatta TraderAsist o segui le istruzioni dell'autore riportate di seguito.
Si prega di notare che questo è uno script privato, ad invito, che non è stato analizzato dai moderatori degli script. La sua conformità al Regolamento è da considerarsi imprecisata. TradingView non suggerisce di pagare per uno script e di utilizzarlo a meno che non ci si fidi al 100% del suo autore e non si comprenda il suo funzionamento. In molti casi, è possibile trovare gratuitamente una buona alternativa open-source nei nostri Script della comunità.
