High - Low Trend Indicator - (Expo)

High - Low Trend Indicator - (Expo)

DESCRIPTION

This trend indicator is derived from the highest (High) and lowest (Low). The unique formula enables clarity in trends and fast response to market changes.

Negative trend
The market could be considered to be in a negative trend when the black price line is under the blue Midline and a major red cloud is created. For some markets, the orange- trendline can be switched on to identify the long-term trend in the market. So, if the price line is under the orange trendline the market is in a negative trend.

Positive trend
The market could be considered to be in a positive trend when the black price line is above the blue Midline and close to the upper-line. For some markets, the orange-trendline can be switched on to identify the long-term trend in the market. So, if the price line is above the orange trendline the market is in a positive trend.

The indicator should be used in combination with High – Low Trend Indicator Signal (Expo) to identify market changes.

HOW TO USE

1. Use the indicator to identify trends.

2. Use the indicator to find Entry points in trends.

3. Combine it with High – Low Trend Indicator Signal (Expo).


INDICATOR IN ACTION

The indicator is best presented live, the graphs below are a good guide.


EURUSD

DAX

WALL STREET

EURJPY

GOLD

I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes!

Versionshinweise:

Major Improvements!

• Long & Pullback signals are added.
  

Best

Versionshinweise:

Major Improvements!

• The indicator is more accurate than ever before.
  
• Impulse/Change signals are added.
  
• Trend Line added.
  
  Impulse signals can be used to buy pullbacks in trends or can be the first sign that the trend is shifting.
  
  

Versionshinweise:

Minor Update!

Versionshinweise:

Improvements!

• Positive Trend Cloud Added
  
• Trend Buy/Sell Added
  
• Alerts Added
  

Versionshinweise:

Improvements!