OPEN-SOURCE SCRIPT
CHAMELEON TRAIL
Updated
A filter combining the built in supertrend function and two SMA's in order to act as a filter for trade ideas put forward by CHAMELEON which can be placed in a separate panel.
This is not accurate enough to use on its own as a signal, but helps filter out more complex ideas. To be most effective it is recommended to set the LENGTH correctly.
Includes ALERT CONDITION's for when the TRAIL is UP, DOWN or MIXED.
This is not accurate enough to use on its own as a signal, but helps filter out more complex ideas. To be most effective it is recommended to set the LENGTH correctly.
Includes ALERT CONDITION's for when the TRAIL is UP, DOWN or MIXED.
Release Notes
Logic fixRelease Notes
Alert Condition improvement.Release Notes
Alerts refactoring.Release Notes
Logic fixRelease Notes
Tighten up the Alert condition for mixed messages.Release Notes
Finally fixed the logic!Release Notes
Logic fixOpen-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 publication is governed by House rules. You can favorite it to use it on a chart.
Chart indicators and tools to trade trends & pivot breakouts in the crypto and forex markets! -- Discord Group: discord.gg/VaW9zG7n
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