look for two lines to be above the dotted TREND LINE
bullish = Bull momentum + Trending Line bearish = Bear Momentum + Trending Line
when all three are converged or when Tending Line is below dotted its CHOP
Blue flashes when BULL momentum is growing Yellow flashes when BEAR momentum is growing
NOTE: FOR PA TO MOVE WE DONT ALWAYS NEED 2 LINES ABOVE 1 BELOW
a secondary trade idea is simply on cross over .
when Trending line + one of the momentum lines crosses over the 3rd line (secondary momentum) this can also be seem as trend confirmation.
with that said the strongest and safest set ups are still when 2 is above the TRENDING LINE and 1 below
Release Notes
New settings for less false signals :) new idea shades area
when Bull/Bear is crossing over the bottom -15 line while the opposing is crossing under the -10 line then you can enter the trade appropriate to the new trend which is the crossing over trend. ideally you want the ZR1 (gray line) above the gray
Release Notes
ZR1 now calls bull/bear trends
Traders will no longer need to study the data themselves now the script extrapolates the data for you
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact SatoshiHeavy for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
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.