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INVITE-ONLY SCRIPT
Updated

Shenlong V2.3 - Trend cycle

8 287
Shenlong V2 is a script developed to facilitate the interpretation of long and short entries according to various conditionals that play with the trend.

The use of trend clouds has been implemented, which can be used as dynamic support / resistance . They also allow us to identify the current price cycle according to these guidelines, marking with a LONG or SHORT depending on the cycle in question. The appearance settings are user configurable. You can set alerts (long o short) to be aware of movements.

The use of recommended stop loss has been implemented, this can be used as a trailing stop to ensure profits or give the possibility of catching the trend, since it will move as the price forms its structure.

An information panel on stop prices has been implemented for ease of use.
Release Notes
Corrección de errores para el uso en activos con valor menor a 1.
Release Notes
Ajuste en la selección de stop y target. Actualización para activos de decimales.
Release Notes
Update to version 5.0
Release Notes
  • Bug fixes for stock market assets with values that have many decimal places.
  • New ShenView Panel! It provides an overview of the dragon across multiple time frames.
  • Added more ink to the long/short labels, as requested.
  • New option in settings to adjust the size of the labels.

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ButterologyTeam directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

"When you're at the right time in the market, money flows like butter..." Development, suggestions and access to indicators: 💌 Telegram @ButterologyTeam

Warning: please read our guide for invite-only scripts before requesting access.

ButterologyTeam
cycleIchimoku CloudLONGlongandshortPrice Volume Trend (PVT)shortstoplossstopsTrend Analysis

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.
cycleIchimoku CloudLONGlongandshortPrice Volume Trend (PVT)shortstoplossstopsTrend Analysis

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ButterologyTeam directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

"When you're at the right time in the market, money flows like butter..." Development, suggestions and access to indicators: 💌 Telegram @ButterologyTeam

Warning: please read our guide for invite-only scripts before requesting access.

ButterologyTeam

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.