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G-Ron TrendWave
The G-Ron TrendWave Indicator is an advanced trading tool designed to identify trend momentum and potential reversals across multiple timeframes. This indicator is ideal for swing traders and intraday traders looking for high-quality, actionable signals.
How Does It Work?
The G-Ron TrendWave uses advanced moving average differential calculations to pinpoint key momentum levels in the market. It identifies both trend continuation and reversals, highlighting strong momentum shifts with clear visual cues.
What Makes It Unique?
The G-Ron TrendWave uses two distinct cloud visualizations:
The clouds change color dynamically based on price action: yellow for uptrends, red for downtrends.
Underlying Logic
The G-Ron TrendWave operates on a refined version of a triple EMA crossover which is extremely effective at filtering out short-term market noise while maintaining responsiveness to sudden price moves. EMA differentials are used to smoothen trends and provide earlier warnings for trend reversals.
How to Use
How Does It Work?
The G-Ron TrendWave uses advanced moving average differential calculations to pinpoint key momentum levels in the market. It identifies both trend continuation and reversals, highlighting strong momentum shifts with clear visual cues.
What Makes It Unique?
The G-Ron TrendWave uses two distinct cloud visualizations:
- TrendWave Cloud: Captures the overall trend direction, providing clarity on whether the market is trending upward or downward.
- Reversal Cloud: Helps identify potential turning points or market reversals, aiding in both entry and exit timing.
The clouds change color dynamically based on price action: yellow for uptrends, red for downtrends.
Underlying Logic
The G-Ron TrendWave operates on a refined version of a triple EMA crossover which is extremely effective at filtering out short-term market noise while maintaining responsiveness to sudden price moves. EMA differentials are used to smoothen trends and provide earlier warnings for trend reversals.
How to Use
- Trend Continuation: When price is above or within the yellow TrendWave Cloud it signals a strong bullish trend continuation. When price is below or within the red TrendWave Cloud it signals a strong bearish trend continuation.
- Reversal Signals: Watch for changes in the Reversal Cloud to signal potential shifts in the long-term market trend.
- Multi-TimeFrame View: For deeper insights, use the indicator across various timeframes. Shorter timeframes are suited for quick trades, while longer timeframes offer better signals for position traders. The Long-Term TimeFrame setting should always be at least three times your current chart timeframe.
Script que requiere invitación
El acceso a este script está restringido a los usuarios autorizados por el autor y, por regla general, es de pago. Puede añadirlo a sus favoritos, pero solo podrá usarlo si solicita permiso al autor y éste le autoriza. Para obtener más información, póngase en contacto con C0bb o siga las siguientes instrucciones del autor.
TradingView recomienda no comprar ni utilizar un script si su autor no le ofrece total confianza o cuando no entienda cómo funciona. En muchos casos, puede encontrar una buena alternativa de código abierto de forma gratuita en nuestros Scripts de la comunidad.
Instrucciones del autor
″Access the G-Ron TrendWave Indicator here: http://www.patreon.com/GRonTrendWave
Private message C0bb on Trading View for a trial version.
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