Adail1321

Adail-Index (versão DELTA)

It is an indicator inspired by Didi=Index, but with the following SUPPLEMENTS: Bollinger Bands , Needle Detector with 100% accuracy, Trend Strength Indicator and Trend Tracker Coloring Scheme.
Observation:
> thicker colored line is the I20/8 indicator;
> white line is the I3/8 indicator;
> thinner colored line is the Trend Strength Indicator.

The blue and yellow columns also function as force indicators and serve to detect needle sticks.

No tolerance up to the 1% level to confirm a stronger downtrend.

In the DELTA version: automatic needling detection; marking on the center line of the indicator; candles also marked; yellow for low needle; blue for high needle.

Horizontal levels are most recommended for weekly, daily and 4-hour charts (more compatible with swing trading).
For smaller timeframes, preferred for daytrade, it is recommended to remove the horizontal lines or test other levels.
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 a publication is governed by House Rules. You can favorite it to use it 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.

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