OPEN-SOURCE SCRIPT
Trend Meter
Actualizado
Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.
When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way
The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend
As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very Powerful however please use with caution
How to Use
The more Trend meters are lit up the better
Look for Support or Resistance Levels for price to be attracted to
Find confluence with other indicators
Enter Long above the Setup Bar
Enter Short Below the Setup Bar
When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way
The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend
As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very Powerful however please use with caution
How to Use
The more Trend meters are lit up the better
Look for Support or Resistance Levels for price to be attracted to
Find confluence with other indicators
Enter Long above the Setup Bar
Enter Short Below the Setup Bar
Notas de prensa
Adjusted;Filter X parameters
Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)
Notas de prensa
Updated Alerts - You can see and set them properly now Notas de prensa
Fixed issue with AlertsNotas de prensa
Ability to change dot sizeBackground Highlight when all 3 conditions are met
Adjusted Alerts
Notas de prensa
Major UpdateAdded;
Trend Meters - Fast MACD and RSI Signal Line Cross and RSI 13 Above or Below 50
A Second Trend Bar - Trend Bars Show MA Cross or MA direction
Lots of Alerts
All in All a much more accurate Trend Meter to confirm your trades
Notas de prensa
Removed Stochastic Momentum Setups and Replaced them with Wave Trend SignalsNotas de prensa
Fixed Signals - Enjoy but please Back TestNotas de prensa
Added Alert for "Any Setup" - Combines Wave Trend Setups, 3 conditions met Setups and 5 ? 11 ema crosses This Alert is very powerful
However please remember to Long or Short only after the Setup Bar is Closed
and to have a very tight stop loss,
Stop Loss at Bottom of Setup Bar for Longs and Top of Setup Bar for Shorts.
If Price hasn't gone your way after a couple of Bars then cancel your order and wait for a new setup
Notas de prensa
As Per Request AddedAlerts for Rapid Color Change for 3 trend meters
Notas de prensa
Long Awaited UpdateRemoved a lot of non essential alerts
Added Alerts for when Trend Meters line up with Trend Bars - This has been a long standing request by the community
Notas de prensa
Fixed a fault with the AlertsNotas de prensa
Updated Menu & AlertsNotas de prensa
Finally the Alerts that Everyone has been asking for!3 Trend Meters No Longer Align - Possible exit / take profit signal
Wave Trend Signal when the 3 Trend Meters Align
Notas de prensa
Added Indication for Positive or Negative Pressure based on RSI and Wave TrendNotas de prensa
Adjusted position of Pos/Neg Strength DotsNotas de prensa
Updated the Look and Function of the Trend Meter and the MenuNotas de prensa
Updated ChartNotas de prensa
Updated ChartScript de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
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