PROTECTED SOURCE SCRIPT
Actualizado MTF TZ-CX
This is a Beta version of Trend Indicator using Multi Time Frame Analysis to suggest a long or a short
the main use of this indicator is quick scalping and Intra-day trading.
The Indicator shows the option to show the Trend Zone and Buy/Sell Signals which the use can on or off
Also to avoid false positives we have introduced a double check using RSI,
it is defaulted to 60/30 - the users are free to change it as per their preferences
The system will not suggest a trade when the the counter in inside the RSI limits
Stop Loss - That should be done by following ones risk appetite , Ideally the open/close of the previous candle should be the stop loss for the buy/sell
but everyone has their own Risk Management Strategies based on the capital deployed.
Disclaimer : There could be scenarios when the candle is shown as a long or short and then the candle turns into opposite direction red/green .
In such scenarios , Please refer to the just preceding candle and if this candle is moving into positive direction (forming green candle) only then buy ,
Similarly Sell/Short only if this candle is forming a red candle
the main use of this indicator is quick scalping and Intra-day trading.
The Indicator shows the option to show the Trend Zone and Buy/Sell Signals which the use can on or off
Also to avoid false positives we have introduced a double check using RSI,
it is defaulted to 60/30 - the users are free to change it as per their preferences
The system will not suggest a trade when the the counter in inside the RSI limits
Stop Loss - That should be done by following ones risk appetite , Ideally the open/close of the previous candle should be the stop loss for the buy/sell
but everyone has their own Risk Management Strategies based on the capital deployed.
Disclaimer : There could be scenarios when the candle is shown as a long or short and then the candle turns into opposite direction red/green .
In such scenarios , Please refer to the just preceding candle and if this candle is moving into positive direction (forming green candle) only then buy ,
Similarly Sell/Short only if this candle is forming a red candle
Notas de prensa
Update 2nd Aug 2020Removed the Input Option : Show SMA Tick as the usage was deprecated
Added Flexibility on RSI : Now you could set the Overbought region to 50 - 80
Now you could set the Overbought region to 20 - 50
Note : The RSI is not a standard time frame RSI , but a more hybrid RSI using derivative of Multiple RSI
If you like it and find it useful or if you find a defect or bug , Please let us know in the comments .. that would encouraging !!
Notas de prensa
Release Notes : 30th Aug 2020Updated Access Setting
Cosmetic Fixes
Notas de prensa
Update : Trending logic changes , Notas de prensa
Updated Date Validation conditions Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
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 protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
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.