SNDTOsc - MTF
This indicator requires a bit of manual judgement and tweaking for specific markets. In a higher volatility market, use 1 to catch the quicker price movements. In low volatility, use 4. I normally flip between 1 and 2 with an occasional 3 or 4 in the higher timeframe if I need to determine the trend.
Pay attention to the color and position of the columns because they measure the higher timeframe's current bullish/bearish strength:
Lime - Bullish zone
Green - Potentially exhausted bullish zone
Pink - Bearish zone
Maroon - Potentially exhausted bearish zone
A few simple rules to filter out hasty entries:
HTF (Higher timeframe) - Lime
Look for a long entry upon a bullish crossover (red above blue) as long as the crossover is below the overbought zone.
HTF - Green
No new long positions. Look for short position upon bearish crossover.
HTF - Pink
Look for a short entry upon a bearish crossover as long as crossover is above oversold zone
HTF - Red
No new short positions. Look for long position upon bullish crossover
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 TheTimeCount 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 TheTimeCount 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.