Trend Candlestick (Expo)

26 Jun 2020

Trading with the Trend!

Trend Candlestick (Expo) identifies the direction of the trend and Zones are displayed where the trend changes. The user has the ability to adjust the settings so that long term, as well as short term trend direction and trend changes, can be visualized.

The indicator is visual and easy to use.

HOW TO USE

1. Use the indicator to identify the direction of the trend.
2. Use the indicator to identify trend changes.
3. Use the indicator to find support and resistance levels.

--> Visual Order should be set to "Bring to Front" in order to see the color of the candles.


INDICATOR IN ACTION

15 min chart



The indicator work on Heikin Ashi, Candles, Bars, Renko, Line Break, Kagi, and Point & Figure chart.


I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!



ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes

27 Jun 2020

Nota Keluaran

Minor bug fixes and improvements.

--> Higher time frame can be enabled both for Trend Color and for the Zones. This new feature makes it possible to get the long term trend perspective over the market.

7 Ogo 2020

Nota Keluaran

Major Improvements!

• Long/Short signals are added.
  
• Higher TimeFrame function removed.
  

Best

26 Jan 2021

Nota Keluaran

Improvements!

• Performance Improvements
  
• Retracement Line Added
  
• Stop Loss Line Added
  
• Long/Short signals removed
  
• Levels removed
  
• Alerts Added
  

1 Feb 2021

Nota Keluaran

Improvements!

• Performance Improvements
  

2 Jun 2021

Nota Keluaran

Improvements!

• Performance improvements
  
• Enhanced stop-loss function
  
• Enhanced retracement function
  
• Tooltips added
  

10 Okt 2024

Nota Keluaran

Improvements!

• Enhanced trend detection
  
• Trend color is customizable
  
• Trend strength metrics added