IVO Trend Indicator

IVO Trend Indicator

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OBJECTIVE

As we all know, there are a multitude of indicators that aim to improve our trading operations, but many of them are confusing, and using several simultaneously can lead to trading errors. The indicator we have developed is based exclusively on the use of moving averages, so that together they are able to more accurately detect three important trading factors: TREND, STRENGTH, and MOMENTUM.

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HOW DOES IT CALCULATE THE 3 BASE VARIABLES?

The indicator uses four moving averages to identify these three variables.

1) TREND

Using two moving averages, we detect the chart's trend depending on how they cross and separate, so that the result will be (BULL, BEAR, NEUTRAL).

2) STRENGTH

Using two more moving averages, we detect the strength at that moment, that is, where the price is headed, regardless of its trend. The result will be (BULL, BEAR, NEUTRAL).

3) MOMENTUM

Using the intersection of two moving averages, we detect momentum, so that we know if the strength is still active in the same direction or is losing strength. The result will be (BULL, BEAR, NEUTRAL).

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CONTROL TABLE

The main advantage of the indicator is that it calculates the three variables (trend, strength, momentum) in the main timeframes and displays them in a control table so we can see the current price status at a glance.

It will also display a message for each timeframe as the sum of the three variables, so we know what's happening at any given moment without having to analyze anything.

Three types of messages for each timeframe (e.g., Weekly):

1) Weekly: BULLISH (losing strength) --> It's bullish, but it's losing strength because the momentum is bearish.
2) Weekly: BULLISH --> It's bullish.
3) Weekly: BULLISH (retracement) --> It's bullish in a retracement phase because its strength is bearish.

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GRAPH DISPLAY

1) The control table: (This is optional to display).
2) The 4 Moving Averages: (This is optional to display and the colors can be changed).
3) Bull or Bear signals based on strength: Bull or Bear messages will appear on the chart each time the strength changes value. (This is also optional to display and the colors can be changed).
4) Triangles at the bottom of the chart indicating price momentum: (This is also optional to display).

This is what the indicator provides to improve our daily trading.

For more information, please contact us in the following ways:

My TradingView profile: jmesado
Email: [e-mail]
Website: forexfibonacci.es/

Thank you very much, and we will continue to update the indicator with improvements we already have in mind.

Greetings, TradingView community.