Zentrading Trend Indicator v3.1
Based on ichimoku, but with slightly different behaviour, with many added features such as : trend detection, momentum detection, multiple time frame support/resistance levels, exhaustion/reversal signals.
Used in conjunction with the other ZT indicators (ZT momentum, ZT CyclePhase, and ZT Volumebars) the strategy provides very distinct setups to trade for reversals, breakouts and pullbacks.
MTF calculations refactored
Pb signal requires a followthrough: if buy signal, buy the break of high of candle with signal
if sell signal: sell the break of the low of the candle with signal
Note:
FIRST PULLBACK TRADE OF TREND IS THE STRONGEST!
First Pullback trade is now DURING breakout setup.
The Safest pullback is now the 2nd pullback trade (the first after a triggered breakout)
updated MA momentum algo
algo for MA momentum (color) adapted for better timing
- changed color for lower level MTF support/resistance: now the same as the higher level MTF: black or white
- minor adjustment to PB detection.
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 DariusZen 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 DariusZen 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.