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.
Catatan Pelepasan: Update : Change RSI from 30 to 35 for oversold (red candle)
Catatan Pelepasan: Additional green arrow - potential signal for pullback breakout
Catatan Pelepasan: 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
Catatan Pelepasan: UPDATE : Change algorithm for RED TRIANGLE

ADD : Alert Condition for Green Candle, Green Triangle and Black Triangle
Catatan Pelepasan: UPDATE : rename object title
Catatan Pelepasan: Add On

INSIDE BAR
- Orange Candle

ATR Trailing Stop
- blue cross and horizontal red line
- only appear at green candle
Catatan Pelepasan: Update : Add name Stop Loss (Stopp Loss and Stop Loss Line)
Catatan Pelepasan: Add On Input
- Breakout Candle
- Trailing Stop
- Break Weekly Low
- Oversold Mode

Update
- black triangle (less signal)
Catatan Pelepasan: Latest update

- option to chose MA or EMA for Long Term Line

- Change title "MA200" to "Long Term"

- Additional alert for "Oversold Entry"
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
Hi, is it possible to get access to code? I would add code to my other indicators code.
-Your trendband works great, but im running out of room for indicators(max 5).
Good luck with your trading!
+1 Balas
Tuan, the purple line (current direction).. is it based on EMA50?
+8 Balas
may i aceess?
+3 Balas
@maooam, yes
+2 Balas
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Harga Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Solusi pencartaan Dapatkan Bantuan Permintaan Ciri Blog & Berita Soalan Lazim Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Dapatkan Bantuan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar