OPEN-SOURCE SCRIPT
B-Xtrender @Puppytherapy
Updated
I have recreated a trend following indicator published in IFTA Journal by Bharat Jhunjhunwala. It is mainly to be traded on big timeframes.
For anyone looking into the indicators please have in the source below where logic behing the indicator is nicely explained.
ifta.org/public/files/journal/d_ifta_journal_19.pdf
The only thing I added is a T3 moving average with momentum shift signals for earlier signals in some cases.
For anyone looking into the indicators please have in the source below where logic behing the indicator is nicely explained.
ifta.org/public/files/journal/d_ifta_journal_19.pdf
The only thing I added is a T3 moving average with momentum shift signals for earlier signals in some cases.
Release Notes
Styling fixes.Release Notes
Added color logic to rising / falling :)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 publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script 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.