INVITE-ONLY SCRIPT
Updated

Profit Accumulator Trend Slope

566
I've been getting very good results with this indicator, using it in conjunction with the Profit Accumulator Main Indicator.

This indicator uses a number of methods for detecting reversals and the start of new trends.

The basis is simple in that when the trend lines cross above the zero line, it indicates a possible long entry and crossing below the zero line, indicates a possible short entry.

The strongest signal is when they all cross the zero line in one timeframe.

In terms of options/settings, I've included the following:

  • Multiple Timeframe
  • Changing the lengths.


I've also added an alert option for when the lines cross [above or below] the zero line.



Release Notes
Just added in a fill color option on this to make it clearer when the trend lines are above or below zero.
Release Notes
Minor fill modification

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.