INVITE-ONLY SCRIPT
Aktualisiert

Zentrading Trend Indicator v3.1

951
This is a script for beta testing only.
Based on ichimoku, but with slightly different behaviour, with many added features such as : trend detection, momentum detection, multiple time frame support/resistance levels, exhaustion/reversal signals.
Used in conjunction with the other ZT indicators (ZT momentum, ZT CyclePhase, and ZT Volumebars) the strategy provides very distinct setups to trade for reversals, breakouts and pullbacks.
Versionshinweise
update and bug fix
Versionshinweise
bugfix
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added MTF levels for day trading timeframes <1HR
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added MTF levels for day trading timeframes <1HR
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refactored
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Kijun momentum optimised
MTF calculations refactored
Versionshinweise
added logic for pullback trades
Pb signal requires a followthrough: if buy signal, buy the break of high of candle with signal
if sell signal: sell the break of the low of the candle with signal
Note:
FIRST PULLBACK TRADE OF TREND IS THE STRONGEST!
Versionshinweise
value adjustment
Versionshinweise
Added pullback trade to breakout setups:
First Pullback trade is now DURING breakout setup.
The Safest pullback is now the 2nd pullback trade (the first after a triggered breakout)
Versionshinweise
value fix
Versionshinweise
updated Kijun momentum algo
updated MA momentum algo
Versionshinweise
updated pullback algo
Versionshinweise
PB bugfix
Versionshinweise
added alerts for all signals and confirmations.
Versionshinweise
lower level mtf support resistance (dots) now also change to white on dark background setting

algo for MA momentum (color) adapted for better timing
Versionshinweise
- fixed bug in breakout setups: breakout setup would appear after sharp move in opposite direction, now no longer do.
- changed color for lower level MTF support/resistance: now the same as the higher level MTF: black or white
- minor adjustment to PB detection.

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