OPEN-SOURCE SCRIPT
Updated CHAMELEON TRAIL
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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Chart indicators and tools to trade trends & pivot breakouts in the crypto and forex markets! -- Discord Group: discord.gg/VaW9zG7n
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Chart indicators and tools to trade trends & pivot breakouts in the crypto and forex markets! -- Discord Group: discord.gg/VaW9zG7n
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.