PROTECTED SOURCE SCRIPT
Updated Hiking indicator
This indicator is designed with a hiking theme, allowing traders to view the market as if they were hiking up and down a mountain.
It focuses purely on trend analysis, avoiding reliance on candlestick patterns.
Entry Points: Marked with ๐โโ๏ธโโก๏ธ and should only be traded on the 1-hour timeframe. ๐โโ๏ธโโก๏ธ๐โโ๏ธโโก๏ธ๐โโ๏ธโโก๏ธ
Trading Approach: First, identify the overall trend on higher timeframes, then execute trades on the 1-hour chart.
Once the indicator is added, make sure to move it to the top of your indicator list for proper display.
Color Coding:
Red: Downtrend
Green: Uptrend
Gray: Sideways/Range
When the higher timeframe shows a downtrend, take short positions at ๐โโ๏ธโโก๏ธ signals.
When it shows an uptrend, take long positions at ๐โโ๏ธโโก๏ธ signals.
Additionally, boxes are drawn at key points, and once a breakout occurs, a ๐โโ๏ธโโก๏ธ hiker icon appears to signal the breakout.
It focuses purely on trend analysis, avoiding reliance on candlestick patterns.
Entry Points: Marked with ๐โโ๏ธโโก๏ธ and should only be traded on the 1-hour timeframe. ๐โโ๏ธโโก๏ธ๐โโ๏ธโโก๏ธ๐โโ๏ธโโก๏ธ
Trading Approach: First, identify the overall trend on higher timeframes, then execute trades on the 1-hour chart.
Once the indicator is added, make sure to move it to the top of your indicator list for proper display.
Color Coding:
Red: Downtrend
Green: Uptrend
Gray: Sideways/Range
When the higher timeframe shows a downtrend, take short positions at ๐โโ๏ธโโก๏ธ signals.
When it shows an uptrend, take long positions at ๐โโ๏ธโโก๏ธ signals.
Additionally, boxes are drawn at key points, and once a breakout occurs, a ๐โโ๏ธโโก๏ธ hiker icon appears to signal the breakout.
Release Notes
''Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ learn more here.
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.