Aarika Trade with the Trend (ATT)

This indicator is a modification-version of three different indicators from different authors, brought together to create a fine-piece of trend-finder.
This is combination of multi MAs to notice price action with different parameters and calculations.
This indicator generate Green/Red/Yellow bars once all the calculations comes to certain point.
This indicator can be used on any script like Indices, Stocks, Future, Currency & Crypto.
How to trade : This indicator is easy to use on any timeframe and on normal candlestick. Bar colour appeared on candle is based on some calculation and when all the condition are matched; so wait for full candle to be formed and once candle close then go for trade.
Rule for Long trade: Let the current candle form completely. If its a Green colour bar then it indicates a bullish momentum whereas Yellow bar may see a reversal of the current trend.
Rule for Short trade: Let the current candle form completely. If its a Red colour bar then it indicates a bearish momentum whereas Yellow bar may see a reversal of the current trend.
This is not a Holy Grail indicator which always gives profit but if you practice this indicator with consistency, your portfolio may give good returns.
Use proper money management before taking any trade. Go for paper trade and observe how this indicator behaves and once satisfied then only take real trade.
Add - on Feature : we have added HAMA in this indicator. Usually if HAMA is forming Green colour candles then it is a strong bullish trend, whereas Red HAMA candles show bearish trend.
Moreover, if our bar colours are Green and price is above HAMA, it usually shows strong Bull trend; and opposite side Red colour bars with price below HAMA may be seen as a strong Bear trend.
Disclaimer: Please make sure you study this indicator on different timeframes because inserted set of data may act differently on different scripts and may vary from timeframe to timeframe.
We advice you to use this indicator for trend-analysis and study purpose only. Author/publisher of this indicator is not responsible for your profit or loss if you use this indicator for trading purpose one way or another.
N.B.: We do not recommend using HeikinAshi charting for this particular indicator as the data inputs may behave differently than expected. If you have any query, you may comment below.
Simply, go to the script (symbol) of your choice, select the time-frame of your trading style.
Then select CREATE ALERT (Alt + A).
in Condition, select ATT and press Create.
All set to go!
MA Line indicates short term trend, Heikin Ashi line clearly shows where the trend is going, and MA High/Low lines shows long term trend.
Thanks everyone for your support and love!
Simple way to read the chart: Price below both lines (Green and Red) and Yellow Belt, probability of down trend is higher and vice-versa for uptrend.
Enjoy analysing your favourite scripts using ATT.
Thank you.
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.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
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.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.