Trend Master

The actual layout idea and trend confirmation is derived from Trend Meter and this indicator uses few other indicator, such as Chandelier Exit, WaveTrend, QQE Signals, Parabolic SAR and AlphaTrend. This indicator aggregates signal from different methods to find out more powerful and confirmed Trend and combines them into one Signal. It also uses Technical Ratings from TradingView team to filter out false signal, it tremendously opts out false signals and improve profitability.
The first seven dots are these
- All 3 Trend Meters Now Align
- MACD Crossover - Fast - 8, 21, 5
- RSI 13: > or < 50
- RSI 5: > or < 50
- MA Crossover
- MA Crossover
- Chaikin Money Flow
- Alphatrend
- Technical Ratings
Then trend
- Chandelier Exit
- WaveTrend
- QQE Signals
- Parabolic Sar
- All 3 Trend Meters aligns and A signal from trend i
Instructions
- Change buy/sell policy based on market trend
- Works on all TimeFrame but gives more accuracy on 4H, 1D.
- Buy when green big dot appears at the bottom.
- Sell when red big dot appears at the bottom.
- Red/green dot at the top line appears when three trend meter is aligned and this is a good confirmation.
- Any red/green dot below horizontal bars are trend signals.
- Big red/green got at the bottom appears whenever there's a good confirmation from trend meter and a buy/sell signal comes from any trend signals.
- Also look on the technical ratings bar, green means buy, red means sell and yellow means neutral.
- Look for Support or Resistance Levels for price to be attracted to.
- Find confluence with other indicators.
- The more Trend meters are lit up the better.
Alert
- 01 Buy Signal = Strong Buy Signal
- 02 Sell Signal = Strong Sell Signal
- 03 Buy Signal = Strong Buy Signal
- 04 Sell Signal = Strong Sell Signal
Thanks to TradingView Technical Ratings authors, evergot, Lij_MC, KivancOzbilgic for their work. This indicator was heavily inspired from their work.
* Donchian Trend Ribbon added for trend confirmation
*Placement UI fix
has been.
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.