Trend signal with Alert

Hello traders,

I updated the Trend signal indicator from riffster21 (tradingview.com/script/WVFF2bZZ-4X-Global-Trend-Signal/) and added alerts to it.
Nothing fancy but still extremely useful

How to use the Trend signal with alerts indicator

In this screenshot, I didn't select the most optimal timeframe, neither the most optimal input for the indicator. I just wanted to explain with a very simple example, how it works and how to use it
Basically, it's being used to simulate obliques trendlines. I draw that one in pink to highligh what is the trendline simulated by the indicator

For Which timeframe ?

It's working for all timeframes.

Recommended input for the indicator ?

The greater the timeframe, the lesser the input should be. Which makes sense because setting a high value period on a weekly chart will give entry/exit signals way too late
On the contrary, on a m5 chart, setting a low value period will give too many fake signals and you'll get angry. I don't want that to happen :)

• For crypto intraday trading (meaning m5 to H4), I feel the sweet spot is between 7 and 14 for the indicator input.
  
• For crypto Swing trading (meaning H8 to weekly), an input between 3 and 5 is best
  

I can only strongly encourage you to apply it on a newly created chart without any other indicator and try to find the best input for the asset. Please note the ideal input might change between assets (example: BTC/USD vs ETH/BTC)
Drawing the corresponding oblique is very important the first time setting them on a chart to find the best setup

Please let me know in the comments section if you have any question

Good luck folks
Dave