pip hunter baseline overlay
This is a multi time frame baseline indicator which incorporates many aspects to help you eliminate false ideas from the other 2 indicators in the pip hunter package this indicator is the baseline guide to the direction you should be looking at the markets
this indicator can do the following things
work out pivot points
work out fibonacci retracement levels
give you multi time frame based trend ideas and reversal indications this is done in a heavily modified multitimeframe Williams alligator , multitimeframe up and downtrend labels, a multitimeframe TEMA cloud and a multitimeframe dot alert which is based on a proprietary set of exponential moving averages
and give you multiple powerful confluences as to the direction of the market including but not limited to a confirmation bar at the top of the screen which changes colour and brightness depending on the direction of the trend and the amount of chop in the market, it also adds this to the candles in the form of triangles and squares above and below the candles relevant to the direction. you will notice little flag icons these are designed to be little floating take profits with the idea that when a flag appears you should take partials if not the whole position off the table and wait for another entry or for other movement to occur as well as stars these can be used as signals when used with other confluences in the system to make sure that they are valid and correct ideas
this is best used with the rest of the pip hunter package for more info on getting access to all three indicators in the package please message me for more information
this indicator can do the following things
work out pivot points
work out fibonacci retracement levels
give you multi time frame based trend ideas and reversal indications this is done in a heavily modified multitimeframe Williams alligator , multitimeframe up and downtrend labels, a multitimeframe TEMA cloud and a multitimeframe dot alert which is based on a proprietary set of exponential moving averages
and give you multiple powerful confluences as to the direction of the market including but not limited to a confirmation bar at the top of the screen which changes colour and brightness depending on the direction of the trend and the amount of chop in the market, it also adds this to the candles in the form of triangles and squares above and below the candles relevant to the direction. you will notice little flag icons these are designed to be little floating take profits with the idea that when a flag appears you should take partials if not the whole position off the table and wait for another entry or for other movement to occur as well as stars these can be used as signals when used with other confluences in the system to make sure that they are valid and correct ideas
this is best used with the rest of the pip hunter package for more info on getting access to all three indicators in the package please message me for more information
Versionshinweise:
fixed issue with mtf cloud being plotted from the wrong variables
Versionshinweise:
added new alert and renamed old ones to be inkeeping with style
Versionshinweise:
removed 2 redundant alerts added 2 new alerts to give alert on flags
Versionshinweise:
removed squares and triangles from candles replaced with coloured candles when conditions are met to give an indication that you should refrain from entering a trade
Versionshinweise:
changed from 2 bounds where colours show to 4 colours also refined the conditions
Versionshinweise:
adjusted the trend time frame markers to be adjustable in finer increments
Versionshinweise:
Versionshinweise:
changed the cloud settings also added an alert for price crossing the cloud
AUDUSD
1hr time frame shown
AUDUSD
1hr time frame shown
Versionshinweise:
added alert function for tema ribbon cross over
USDJPY
1hr chart is shown
USDJPY
1hr chart is shown
Versionshinweise:
just updated the naming of some alerts to make it clearer for people