Trend Master

The actual layout idea and trend confirmation is derived from Trend Meter and this indicator uses few other indicator, such as Chandelier Exit, WaveTrend, QQE Signals, Parabolic SAR and AlphaTrend. This indicator aggregates signal from different methods to find out more powerful and confirmed Trend and combines them into one Signal. It also uses Technical Ratings from TradingView team to filter out false signal, it tremendously opts out false signals and improve profitability.
The first seven dots are these
- All 3 Trend Meters Now Align
- MACD Crossover - Fast - 8, 21, 5
- RSI 13: > or < 50
- RSI 5: > or < 50
- MA Crossover
- MA Crossover
- Chaikin Money Flow
- Alphatrend
- Technical Ratings
Then trend
- Chandelier Exit
- WaveTrend
- QQE Signals
- Parabolic Sar
- All 3 Trend Meters aligns and A signal from trend i
Instructions
- Change buy/sell policy based on market trend
- Works on all TimeFrame but gives more accuracy on 4H, 1D.
- Buy when green big dot appears at the bottom.
- Sell when red big dot appears at the bottom.
- Red/green dot at the top line appears when three trend meter is aligned and this is a good confirmation.
- Any red/green dot below horizontal bars are trend signals.
- Big red/green got at the bottom appears whenever there's a good confirmation from trend meter and a buy/sell signal comes from any trend signals.
- Also look on the technical ratings bar, green means buy, red means sell and yellow means neutral.
- Look for Support or Resistance Levels for price to be attracted to.
- Find confluence with other indicators.
- The more Trend meters are lit up the better.
Alert
- 01 Buy Signal = Strong Buy Signal
- 02 Sell Signal = Strong Sell Signal
- 03 Buy Signal = Strong Buy Signal
- 04 Sell Signal = Strong Sell Signal
Thanks to TradingView Technical Ratings authors, evergot, Lij_MC, KivancOzbilgic for their work. This indicator was heavily inspired from their work.
* Donchian Trend Ribbon added for trend confirmation
*Placement UI fix
has been.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Para acceder rápidamente a un gráfico, añada este script a sus favoritos: obtenga más información aquí.
Exención de responsabilidad
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Para acceder rápidamente a un gráfico, añada este script a sus favoritos: obtenga más información aquí.