BURSATRENDBANDCHART

TrendBand Guide

TrendBand Guide - simple way to analyse current chart trend.

Basic of usage:

1. TrendBand Color
Red : Chart in bullish condition
Green : Chart in bearish condition
Purple Line : Current trend direction
Red Line : Long term trend direction

2. Candle Color
Green Lime : Breakout 20 days high with more than average volume .
Red : Oversold condition base on RSI (14) days - below 35.

Note :

All color can be change from format menu.

When TrendBand in RED, find any breakout or pullback setup.

When TrendBand in Green, it show weakness in trend..find any potential rebound setup.
Nota Siaran: Update : Change RSI from 30 to 35 for oversold (red candle)
Nota Siaran: Additional green arrow - potential signal for pullback breakout
Nota Siaran: UPDATE
- change from green arrow up to green triangle up
- change green candle breakout calculation

Add
- red triangle down, when price make new high but close lower
- black triangle up, when price make new low but close higher
Nota Siaran: UPDATE : Change algorithm for RED TRIANGLE

ADD : Alert Condition for Green Candle, Green Triangle and Black Triangle
Nota Siaran: UPDATE : rename object title
Keluarkan dari Skrip Kegemaran Tambah kepada Skrip Kegemaran
Tuan, the purple line (current direction).. is it based on EMA50?
+1 Balas
may i aceess?
Balas
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