Trend Ladder Pro
Detail Explanation:
1. Purple Ladder
- Indicate that the market share is in a bearish trend. The ladder is heikin ashi candle which gives the smoother and uninterrupted downtrend.
2. Yellow Ladder
- Indicate that the market share is in a bullish trend. The ladder is heikin ashi candle which gives the smoother and uninterrupted uptrend.
3. Selling Pressure(SP)
- This signal shows that the selling pressure starting to take over the market shares. It appear when the first dot triggered to warn the traders from entering the market share or to take profit if they already holding position.
4. Pullback(PB)
- This signal shows that traders starting to have an interest in the market shares and having a pullback signal. It appear when the first dot triggered to alert the traders so that the market share can be put in the watchlist.
5. Red and Green Dot
- These dots are Parabolic SAR with the default setting but custom colors depending on the user interest. The dots are below as the price moving uptrend and above when the price downtrend. However, during sideways there will be a lot of false signals.
Contact me if you want to try the indicator.
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 Trader_Cenonet 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 Trader_Cenonet 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.