FIBZY Trender w/alerts — Indicator by fibonacciaustrian

A very simple indicator using momentum as buy and sell entries. Alert can be set when price changes direction.

Used with a linear regression channel and simple pivot points, anyone can enter and exit trades with relative ease and confidence.

Once trend changes you can use the plot line as the initial Stop Loss (immediately after entry). Then use it as a trailing stop as the trade continues.

The largest line signals the overall trend
Green = uptrend and Red = downtrend

Long Entry= Long signal + Green trend line

Short Entry = Short signal + Red Trend-line

Happy Trading,

FIBAUS

Release Notes:

A few adjustment to smoothe out the alerts. It gives reliable signals in choppy markets.

Must be used in collaboration with a Volume based indicator.

Eat, Sleep, trade

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact fibonacciaustrian for more information, or follow the author's instructions below.

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