Trend Meter
To determine bullish uptrend there must beat least 2/3 green squares. This is a great predictor that a uptrend is coming.
Bearish Downtrend
To determine bearish downtrend there must beat least 2/3 red squares. This is a great predictor that a downtrend is coming.
For best results use with "Stochastic RSI + background color change" (Combined indicators)
When buy signal on "Stochastic RSI + background color change" and trend meter has a minimum of 2 green squares then this is a great buy entry.
When sell signal on "Stochastic RSI + background color change" and trend meter has a minimum of 2 red squares then this is a great sell entry
Added Alerts for both Green and Red Backgrounds.
-Green background = 3 green squares + price above 100 EMA (multiple options 100 200 400)
-Red background = 3 red squares + price below 100 EMA (multiple options 100 200 400)
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact AndresVasconez directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact AndresVasconez directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.