Hi there! With this indicator, you can hunt big trends before they start. This indicator is combined with RSI and Momentum indicators It can show you the power of trend and which side it wants to go It can help you to open a position at the first point of a new trend or at the safe and proven point of the trend, also it can help you to close your position before the trend change its direction (it's not recommended to use it to close your positon, but sometimes it can help you to find the ending point of big pumps)
Rules: * Baseline is ZERO ( 0 ) line * When gray line crossover red line, it shows us a powerful uptrend * When the gray line crossunder the red line it shows us a powerful upward trend
Signals: * Only use Buy signals(Long) when they are above or crossing-up baseline * Only use Sell signals(Short) when they are under or crossing-down baseline
* If they both (red and gray lines) are too high and they suddenly starting to come back to baseline, it shows we have a range trend, the trend is weak or a reversal trend is coming!!
!! WARNING: DO NOT USE THIS INDICATOR ALONE !!
Suggestions : -Use 1H, 4H, daily, or Weekly timeframes -Use ADX and DI or three WMA's -Use divergence -You can use it for scalping but you need to change the inputs (not recommended)
If you have any idea about making new indicators(what information do you want from the chart?), comment please, then I can research and make it for all of us! =)
Release Notes
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some new copyright and variable names.
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* UPDATE
- Long/Short signal alert added // Use signals only when the lines cross each other and pass the 0 line
- New color added
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* example added to the chart * short name changed
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There was a misspelling in "Rules" -- When the gray line crossunder the red line it shows us a powerful downward trend !!
So just seeking clarification... you state both for crossover and crossunder on red line over/under gray line are both signally uptrend?
Rules:
* Baseline is ZERO ( 0 ) line
* When gray line crossover red line, it shows us a powerful uptrend
* When the gray line crossunder the red line it shows us a powerful upward trend
Crypto_Checkup
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@AjayBassik, hi there, you are right it was a misspelling
* When the gray line crossunder the red line it shows us a powerful downward trend
thanks for your report <3
LiquidMafia
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@Crypto_Checkup, No problems... sometimes the sentiment gets the better of us!
hamysw
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does it work on stock?
Crypto_Checkup
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@hamysw, hi there, yes it works on stock as well, but with lower win rate and you must use it on upper timeframes
Rules:
* Baseline is ZERO ( 0 ) line
* When gray line crossover red line, it shows us a powerful uptrend
* When the gray line crossunder the red line it shows us a powerful upward trend