Trend Finder V2 Study — Indicator by Wayne-o

centeredoscillator volatility trendanalysis

Study version of the script with alert conditions for up and down

Note* The study version will not trigger at the same points the strategy version does due to the strategy limiting the orders to a buy then a sell, back testing didn't seem to change the results to much though

Please experiment with the pyramid function in the strategy script to change how many buy orders can be made in a row before using the alert conditions, a profit factor over 2 is considered good

Open-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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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