CryptoJoncis

T3DMA Trend Direction

I am using T3 moving averages to generate the idea of what kind of bias I should take in a current market.
So, how does this works?

When the close is higher than T3EMA10, the trend direction is upwards,
When the close is lower than T3EMA10, the trend direction is downward.

Using this, we can assume that there is higher probability for market to continue it's trend up or down, hence trade only in that direction. T3EMA5 is used to exit any open positions before trend changes it's direction.

Have a nice day trading and enjoy.
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.

Want to use this script on a chart?

Comments

Repaint?
Reply
CryptoJoncis erhansimsek
@erhansimsek, Would you be more specific on why do you think this repaints?
Reply
CryptoJoncis CryptoJoncis
@CryptoJoncis, Apologies, don't have my glassess so ? looked like ! . No, there is no repaint.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter