gopalakrishnan.rp

MATP, Moving Average Trend predictor

MATP prepared based on moving average lines to predict Short term, mid term and long term trends. B for Buy and S for Sell character printed to take position based on short term and long term trend lines .

Call: Take Long (B) or Short (S) position when respective Char printed.

Please do tune indicators values from setting based on your script to get accurate call.

Happy Trade
By
Gops
Release Notes: Adding Stepline which indicates,
Red - RSI below 50
Green - RSI above 50
Release Notes: script changed
Release Notes: 1. Drop down selection given to choose EMA vs SMA
2. Buy and Sell Arrow printed instead of step line
3. Buy and Sell based on 50 day moving line logic removed. Use RSI Arrow to take call.

Feature, Integrating ATR/Momentum based call generation
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Wait for current timeline handle completion and enter neer 8 day moving average line to avoid fake signals
Reply
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