Our Trend following indicator is designed to get you in every trend safely, but perhaps most importantly, keeps you out of bad trades. It performs well on all assets as it captures trending moves. It does not only provide you with buy or sell signals you have to react on quickly, rather, it shows you when a trade setup is active. In this way you can anticipate the break of the breakout level to enter the trade. A trailing stop loss is used to exit. It will work on all timeframes, but as lower timeframes add more noise to the market there will naturally be more losing trades than on higher timeframes. We recommend using it on anywhere from the weekly down to 1 or 2 HR -0.44% timeframes.
It is very simple to use:
The shaded areas on the chart indicate that a trade setup has been detected: Green for bullish setups, red for bearish setups. The blue dots are plotted as the breakout level, if the price breaks this level the trade is entered. (as you can see on the chart, they can sometimes move towards the price!) Red crosses are plotted as your trailing stop loss, if price breaks the stop loss the trade is closed.
This is a subscription indicator, please pm for information on how to access.
Happy trading!
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this is a testing version of the trading system.
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added superstochastic entry filter
If indicator says go, enter trends on breakouts on L1 and L2 signals.
Still in testing phase, will push to all subscribers when done.
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filters applied to L2 Signals, no more need for manual confirmation
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signals filtered
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bugfix
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filters adjusted
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rework
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bugfix
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bugfix?
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bug fix that maybe will go through..?
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added cross signal
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changed labels
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KS and 9 ma in stead of ribbon for better readability. Added double exhaustion cycle: single exhaustion = red/ blue dot double exhaustion = red/blue diamond + arrow. (high probability countertrend if confirmed by oscillators)
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alerts fixed
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new version no change in signals
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bugfix
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added multiple time frame support and resistance levels -> Black crosses help find relevant levels and extra confirmation of trend reversal (an MTF cross forming above or below the candle, resp. bearish and bullish signal)
updated alert conditions added clouds better visibility on dark charts
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updated colours
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fixed breakout bug added break labels to confirm breakout trade
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fixed bug in fiter algo
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updated filter algo updated exhaustion algo and changed signals to reversal signals: R1 and R2
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corrected colours
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updated major and minor exhaustion cycle signals added text for long term and immediate bias and price
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bugfix
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bugfix
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bugfix break labels changed to gray confirmation triangles to clean up the chart a bit
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adjusted both confirmation alto's to be more responsive. This means using both confirmations becomes more important! adjusted L1 and L2 algo's to better fit. L1 are arrows, L2 triangles
tradingview.com/script/v1ooxtMG-Zentrading-Trend-Follower-v1-1/