[astropark] Trend Skywalker V2 [strategy]

Oct 8, 2021

Dear Followers,

today I'm glad to present you Trend Skywalker V2, the evolution of Trend Skywalker V1 indicator that you can see here below:

This indicator works on every timeframe and market, it's quite responsive to market movements, so it's especially good on volatile markets.

In this new version you have 3 trend clouds available:

• a short-term one (yellow)
  
• a mid-term one (green)
  
• a long-term one (blue)
  

You can also enable an option to show all trend clouds as one, the result will be similar to a special bollinger bands tool.
Of course you can edit trend clouds analysis period and color, also you can turn on or off the cloud that you prefer.

The indicator can run 4 different kinds of strategy: one for each trend cloud individually or a mixed one.

Also the indicator tracks for you a peak profit from entry: this tracker is a suggestion for you to take profits while price goes up!
All red-green circles you see in the chart is a reminder that a peak profit label was there in the past: what does this tell you?
if price starts losing the short-term trend and you had a lot of TP suggestions, maybe trend ended and you should start consider closing your trade before you give back all your profit.

On backtesting you can you test long and short setups individually or both, as well as performance in a specific time window.

This is a premium indicator, so send me a private message in order to get access to this script.

Nov 21, 2021

Release Notes

upgraded to pinescript v5