Zentrading Trend Follower

It performs well on all assets as it captures trending moves.
It does not only provide you with buy or sell signals you have to react on quickly, rather, it shows you when a trade setup is active. In this way you can anticipate the break of the breakout level to enter the trade. A trailing stop loss is used to exit.
It will work on all timeframes, but as lower timeframes add more noise to the market there will naturally be more losing trades than on higher timeframes. We recommend using it on anywhere from the weekly down to 1 or 2 HR -0.44% timeframes.
It is very simple to use:
The shaded areas on the chart indicate that a trade setup has been detected: Green for bullish setups, red for bearish setups.
The blue dots are plotted as the breakout level, if the price breaks this level the trade is entered. (as you can see on the chart, they can sometimes move towards the price!)
Red crosses are plotted as your trailing stop loss, if price breaks the stop loss the trade is closed.
This is a subscription indicator, please pm for information on how to access.
Happy trading!
If indicator says go, enter trends on breakouts on L1 and L2 signals.
Still in testing phase, will push to all subscribers when done.
Added double exhaustion cycle:
single exhaustion = red/ blue dot
double exhaustion = red/blue diamond + arrow. (high probability countertrend if confirmed by oscillators)
no change in signals
help find relevant levels and extra confirmation of trend reversal (an MTF cross forming above or below the candle, resp. bearish and bullish signal)
updated selection criteria
timeframe adjustment added
MTF cross flipping more reliable
previous MTF cross levels more valuable
tracks levels in timeframes under 60 min
Main use is on intraday charts
option to switch them off in the indicators settings window
updated intraday timeframe analysis efficiency
BullOK - buy L1/L2 signals, buy breakout setups
BearOK - sell L1/L2 signals, sell breakout setups
Range - price is ranging, don't trade L1/L2 signals, don't trade breakout setups.
added clouds
better visibility on dark charts
added break labels to confirm breakout trade
updated exhaustion algo and changed signals to reversal signals: R1 and R2
added text for long term and immediate bias and price
break labels changed to gray confirmation triangles to clean up the chart a bit
adjusted L1 and L2 algo's to better fit. L1 are arrows, L2 triangles
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 DariusZen.
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
Exención de responsabilidad
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 DariusZen.
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.