INVITE-ONLY SCRIPT
Actualizado Trendfilter Chart
Introduction:
The "Trend Filter Chart" indicator is a comprehensive analytical tool designed to identify market trends through a combination of various technical analysis methods. This indicator utilizes multiple moving averages, power bars, and swing volatility to determine market direction and potential entry points. By combining these elements, the indicator aids in making informed trading decisions and interpreting market movements with greater precision.
The Trend Filter Chart uses several moving averages, including the 18-period and 52-period SMAs, as well as the 8-period SMA for lows and the 10-period SMA for highs. These moving averages are crucial for identifying trends and assisting in the definition of entry points.
A central feature of the indicator is the identification of power bars and ultra bars. These color-coded bars help visualize strong market movements characterized by significant changes in the weighted price range (high-low spread) and percentage price changes. Power bars and ultra bars indicate notable market activities that suggest the involvement of large market participants.
The variable Average Volatility and GSV middle line combines various volatility measures to create a comprehensive moving average. It is formed from the average of the short-term highs and lows, along with the average volatility calculated from the highest and lowest volatility values over the past days.
This calculation allows for capturing and visualizing the current trend in market volatility. This method provides an average trend line used to assess market direction.
Another important feature is the 5-over/Below-Channel signals, which indicate when five consecutive bars trade above or below the moving averages. These signals suggest potential trend continuations or reversals, providing valuable insights for trading decisions.
The integrated color signals support traders in identifying entry opportunities and evaluating market strength.
This indicator also identifies 10 different price patterns, including MA, correction patterns, and Inside/Outside Bar patterns and some others. These patterns are filtered through trend filters to provide potential entry setups. The underlying patterns are based on concepts by Larry Williams.
Depending on the pattern, they work differently in each market. Entry points, stop loss, and profit targets should be backtested in each market, as every market has its own characteristics.
For more information on how to use the patterns, please send me a message.
Disclaimer
The use of this indicator and the generated signals is at your own risk. The author assumes no responsibility for trading decisions made based on these signals. Please be aware that trading financial instruments involves risks.
The "Trend Filter Chart" indicator is a comprehensive analytical tool designed to identify market trends through a combination of various technical analysis methods. This indicator utilizes multiple moving averages, power bars, and swing volatility to determine market direction and potential entry points. By combining these elements, the indicator aids in making informed trading decisions and interpreting market movements with greater precision.
The Trend Filter Chart uses several moving averages, including the 18-period and 52-period SMAs, as well as the 8-period SMA for lows and the 10-period SMA for highs. These moving averages are crucial for identifying trends and assisting in the definition of entry points.
A central feature of the indicator is the identification of power bars and ultra bars. These color-coded bars help visualize strong market movements characterized by significant changes in the weighted price range (high-low spread) and percentage price changes. Power bars and ultra bars indicate notable market activities that suggest the involvement of large market participants.
The variable Average Volatility and GSV middle line combines various volatility measures to create a comprehensive moving average. It is formed from the average of the short-term highs and lows, along with the average volatility calculated from the highest and lowest volatility values over the past days.
This calculation allows for capturing and visualizing the current trend in market volatility. This method provides an average trend line used to assess market direction.
Another important feature is the 5-over/Below-Channel signals, which indicate when five consecutive bars trade above or below the moving averages. These signals suggest potential trend continuations or reversals, providing valuable insights for trading decisions.
The integrated color signals support traders in identifying entry opportunities and evaluating market strength.
This indicator also identifies 10 different price patterns, including MA, correction patterns, and Inside/Outside Bar patterns and some others. These patterns are filtered through trend filters to provide potential entry setups. The underlying patterns are based on concepts by Larry Williams.
Depending on the pattern, they work differently in each market. Entry points, stop loss, and profit targets should be backtested in each market, as every market has its own characteristics.
For more information on how to use the patterns, please send me a message.
Disclaimer
The use of this indicator and the generated signals is at your own risk. The author assumes no responsibility for trading decisions made based on these signals. Please be aware that trading financial instruments involves risks.
Notas de prensa
changed the TrendlineFilter and added Fill and Line Colors with Accumulation & Distributions Filter for market strength. Notas de prensa
Some trendlines have been adjusted, and unnecessary calculations for patterns have been removed.Notas de prensa
added a bars counter for Trading Day of Year. Notas de prensa
language fix for Trading Day of Year - TDoYNotas de prensa
Bug fixed related to adma pattern.Script que requiere invitación
Solo los usuarios autorizados por el autor pueden acceder a este script. Tendrá que solicitar y obtener permiso para utilizarlo. Normalmente se concede previo pago. Para obtener más información, siga las instrucciones del autor o póngase en contacto directamente con ComJoTrader.
TradingView NO recomienda pagar o utilizar un script a menos que confíe plenamente en su autor y entienda cómo funciona. También puede encontrar alternativas gratuitas de código abierto en nuestros scripts de la comunidad.
Instrucciones del autor
Please send me a message via chat on TradingView.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script que requiere invitación
Solo los usuarios autorizados por el autor pueden acceder a este script. Tendrá que solicitar y obtener permiso para utilizarlo. Normalmente se concede previo pago. Para obtener más información, siga las instrucciones del autor o póngase en contacto directamente con ComJoTrader.
TradingView NO recomienda pagar o utilizar un script a menos que confíe plenamente en su autor y entienda cómo funciona. También puede encontrar alternativas gratuitas de código abierto en nuestros scripts de la comunidad.
Instrucciones del autor
Please send me a message via chat on TradingView.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.