Pick Bottoms and Tops of a trend with ZTrend indicator.

Rules of Trading with ZTrend

1) Use this indicator in multi frame for superb results.

2) If you are a Short Term trader, then use 2 hourly and Daily timeframe combination. So after a downtrend, buy when 2 hourly candle turns green and wait until Daily candle also turns Green. Exit when 2 hourly candle turns red. Ride the trend and do not exit until the 2 hourly candle turns Red.

3) When 2 consecutive candle body become thin, means end of a trend is near. Therefore either reduce the position or hedge.

4) If there is a steep fall (long Red bars), then the first green candle is generally a false signal. Never enter on such bounces.

5) Double bottom , means the low price of two consecutive swings are same/nearly same. That it is a much better signal. Entry after a double bottom is a very strong signal.

6) Trade only on trending stocks or indexes. If a stock is making many red and green candle, then never try to trade it on ZTrend.

Discipline is the key, therefore exit on the indication and do not wait in hope of marking turning your side.
Release Notes: Updated with Additional filter. Filter to take a trade and exit a trade is identified on chart with arrows.
Release Notes: Overlay changed to overlay on chart.
Hide the main chart bars to view ZTrend bars.
Release Notes: In this version, OverSold and Overbought Indication on bar itself, as Black Color.
Release Notes: Added RSI Divergence
Release Notes: Filter Paramater changed
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact zzzune for more information, or follow the author's instructions below.

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Hi! Could you please grant a permission? thx
+2 Reply
+4 Reply
zzzune ISTJT
@ISTJT, Hey mikhail, This one is for my clients. You may use ZTrend, which is open.
+7 Reply
ameya123 zzzune
@zzzune, Hi Junaid, Just wanted to ask, How can one be your client?
Hi, Could you please grant a permission ? thx
Unable to use this indicator. please grant access
Grateful if you could grant me access - Thanks in advance
Hello sir, Please give me access.
Hi, can i have access plz.