Pick Bottoms and Tops of a trend with ZTrend indicator. Use this indicator in multi frame for superb results.
If you are a Short Term trader, then use 2 hourly and Daily timeframe combination.
So after a downtrend, buy when 2 hourly candle turns green and wait until Daily candle also turns Green. Exit when 2 hourly candle turns red.
Ride the trend and do not exit until the 2 hourly candle turns Red.

When 2 consecutive candle body become thin, means end of a trend is near. Therefore either reduce the position or hedge.

Discipline is the key, therefore exit on the indication and do not wait in hope of marking turning your side.
Release Notes: study("ZTrend", shorttitle="Z_HA", overlay=false)

O = ema(open,3)
H = ema(high,3)
L = ema(low,3)
C = ema(close,3)

haclose = (O + H + L + C) / 4
haopen = na(haopen) ? (O + C) / 2 : (haopen + haclose) / 2
hahigh = max(H, max(haopen, haclose))
halow = min(L, min(haopen, haclose))

plotcandle(haopen, hahigh, halow, haclose, title='Mod_HA', color=(haopen < haclose) ? green : red, wickcolor=gray)
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Hi I am not able to see the script! from where to access?
Could you provide access please. Like to try.
I am able to use the indicator and find it very useful.
Is the "Release Notes" dated Dec12, 2017, the source code for the script? or is it updated?
something not working for haopen ??????????
please help
zzzune hpShekhat
@hpShekhat, What exactly is not working? Could you send the screenshot please? I have tried on multiple scripts, and seems to be working fine on my machine so far.
Could you provide access please. Like to try.
zzzune crazyinvestor
@crazyinvestor, What do you exactly mean by "access please". Are you able to load the indicator? If not, can you send the screenshot?
+2 Reply
I would love to give it a try. Thank you for the great looking script.
+1 Reply
so just for my clarification.. v dont buy immediately when 2 candle turn green but wait for d daily also to turn green ? m i correct ?
access please
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