OPEN-SOURCE SCRIPT
trend detector
This is just template to build up better indicator on it
So in basic we have modified trend SMA which is fast length 10 to detect fast changes
then we weis volume (done by lazy bear)
Bollinger channel with my addition of trend lines
the median is based on basis line of the channel
so good long entry spot are when trend is positive , weis positive and rsi bellow 45 and the candles bellow median
good exit is opposite
one can can add more indicators to make it better
so I just put this together since in my trading I use this indicators allot
So in basic we have modified trend SMA which is fast length 10 to detect fast changes
then we weis volume (done by lazy bear)
Bollinger channel with my addition of trend lines
the median is based on basis line of the channel
so good long entry spot are when trend is positive , weis positive and rsi bellow 45 and the candles bellow median
good exit is opposite
one can can add more indicators to make it better
so I just put this together since in my trading I use this indicators allot
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.