Trend Follower (Follower)
The Trend Follower is a powerful trading tool, which helps us to control our operations.
This tool performs different calculations based on market movements, so it becomes a very versatile and reliable indicator.
This indicator tells us NOT to do and at what time it is prudent to leave an operation or take a share of profits.
If you have...
With the Dynamic Price Cluster you can find areas of high commercial interest in any time frame.
Dynamic Price Cluster (DPC) dynamically represent different areas of high commercial interest and it are composed of 3 lines or levels
The set, group or cluster of levels will be maintained as long as the market conditions satisfy or it are in accordance with the...
This indicator is a trend follower that uses exponential moving averages to estimate the trend strength and prints a BUY label every time that price action matches the algorithm conditions. Always wait for the closure of the current candle to confirm the conditions match.
Ideally, the trade should be taken with a BUY STOP order placed above the signal candle and...
The aim of this indicator is to indicate effective volume breakouts.
Blue = Volume is at least 25% above the 20d moving average
Purple = Volume is at least twice as much as the 20d moving average
Red = Volume is at least three times the average
My recommendation : Always watch for breakouts on large volume. That's a sign that big institutions are buying.
The indicator QQE, is an interesting tool based on a Relative Strength Index (RSI). While the original RSI is often used as a pointer for overbought or oversold market phases, the QQE provides additional information. Use the QQE to display trend direction and trend strength .
For me this is one of the most important indicator for Trend Following.
##This QQE...
This indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator
Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.
The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX
You can change all indexes in the...
'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500).
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative...
What is the impulse system ?
The impulse system is a censorship trading system developed by Alexander Elder, and explained in his book New trading for a living . Its meant is to allow or to prohibit a trade. Also, it can be used to find when a trend start to weaken.
This script is an implementation of this system using a TradingView indicator.
How does it...
Pick Bottoms and Tops of a trend with ZTrend indicator. Use this indicator in multi frame for superb results.
If you are a Short Term trader, then use 2 hourly and Daily timeframe combination.
So after a downtrend, buy when 2 hourly candle turns green and wait until Daily candle also turns Green. Exit when 2 hourly candle turns red.
Ride the trend and do not...
This is a diversified Binary Option or Scalping Alert indicator originally designed for lower Time Frame Trend or Swing trading. Although you will find it a useful tool for higher time frames as well.
The Alerts are generated by the changing direction of the ColouredMA (HullMA by default), you then have the choice of selecting the Directional filtering on these...
This indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken...
I'm a fan of "less is more". This indicator doesn't mess up your chart with lines, symbols, moving averages or such; it doesn't even add another oscillator in a separate window, letting you focus only on what is most important: price action. It will silently do its job by plotting an arrow (upward arrow for long triggers and downward arrow for short triggers)....
Trend Follow script to be used across all market instruments and timeframes.
You can display long only, short only or both signals.
version 1.4 -> Alerts added
version 1.2 -> Only one signal per trend (default) or multiple entry signals per trend
version 1.1 -> White theme option added
This indicator plots and colour codes a ribbon between two moving averages. The colour of the ribbon changes with trend direction: when price in uptrend ribbon colour is green; when price in downtrend ribbon colour is red.
Options Available:
1) You can select between 11 different types of moving averages, each MA line can be a different type.
2) Option to...
Trend Follow script to be used across all market instruments and timeframes.
Now you can display long only, short only or both signals.
version 1.2 -> Only one signal per trend (default) or multiple entry signals per trend
version 1.1 -> White theme option added
Trend Follow script to be used across all market instruments and timeframes.
Now you can display long only, short only or both signals.
version 1.1 -> White theme option added
