Farzan Paid Caliburn

19. Mai 2023

Farzan Paid Caliburn is used to identify trends and smoothen out price fluctuations. It was derived from the candlestick charting techniques, and it is based on open, high, low and close prices from the previous session
The Farzan Paid Caliburn indicator is plotted as a candlestick chart with a series of Blue and Black candles. The Blue candles indicate an uptrend while Black candles indicate a downtrend.

The Farzan Paid Caliburn indicator is a trend-following indicator that helps traders identify the direction of the current market trend.

To use this Farzan Paid Caliburn indicator you need to follow these steps :-

*1.Open the chart of a particular stock you want to trade.

*2.Fix the time interval of 10 minutes for the intraday trading. For that, you can use Tradingview charts.

*3.Insert the Farzan Paid Caliburn as your indicator.

The Farzan Paid Caliburn is shown under the main chart and their plots indicate the current trend. Farzan Paid Caliburn indicator can be used with varying periods (daily, weekly, intraday etc.) and on varying instruments (stocks, futures or forex) .


My personal preference is to use the Indicator on Weekly chart for best result.

22. Mai 2023

Versionshinweise

Update the indicator Farzan Paid Caliburn.

As there are a lot of issues reported from the Community side to me.

The issues are as follows along with the resolution and updates made to the indicator :-

*1. Confusion regarding the colour of candles in regards to uptrend or downtrend

Fix / Solve - We have updated the new colour as base colour green and red. For better understand of everyone starting from Beginner to Veteran trader.

*2. Script uses a non standard chart type so the data is getting repainted on small time frame used in Intraday time frame. Due to that many of the Community member have pointed the issue.

Fix / Solve - We have started using the standard candle stick chart. With Open High Low Close. So the issue regarding repainting of candles are resolved a 100%.

*3 The Farzan Paid Caliburn is a Trend following indicator when used on Intraday timeframe its giving way too much fluctuation. I received request to make slight changes so it can be smoother.

Fix / Solver - So we have tweaked the setting to make it suitable for 1min, 3min & 5min time frames. So it can be much more usefull for community.