This is a trend aggregator for confirmation and trend signals. It basically aggregates many buy/sell signals and confirmation and by combining them provides a strong buy/sell signal or trend confirmation.
The actual layout idea and trend confirmation is derived from Trend Meter and this indicator uses few other indicator, such as Chandelier Exit, WaveTrend, QQE Signals, Parabolic SAR and AlphaTrend. This indicator aggregates signal from different methods to find out more powerful and confirmed Trend and combines them into one Signal. It also uses Technical Ratings from TradingView team to filter out false signal, it tremendously opts out false signals and improve profitability.
The first seven dots are these
All 3 Trend Meters Now Align
MACD Crossover - Fast - 8, 21, 5
RSI 13: > or < 50
RSI 5: > or < 50
MA Crossover
MA Crossover
Chaikin Money Flow
Alphatrend
Technical Ratings
Then trend
Chandelier Exit
WaveTrend
QQE Signals
Parabolic Sar
All 3 Trend Meters aligns and A signal from trend i
Instructions
Change buy/sell policy based on market trend
Works on all TimeFrame but gives more accuracy on 4H, 1D.
Buy when green big dot appears at the bottom.
Sell when red big dot appears at the bottom.
Red/green dot at the top line appears when three trend meter is aligned and this is a good confirmation.
Any red/green dot below horizontal bars are trend signals.
Big red/green got at the bottom appears whenever there's a good confirmation from trend meter and a buy/sell signal comes from any trend signals.
Also look on the technical ratings bar, green means buy, red means sell and yellow means neutral.
Look for Support or Resistance Levels for price to be attracted to.
Find confluence with other indicators.
The more Trend meters are lit up the better.
Alert
01 Buy Signal = Strong Buy Signal
02 Sell Signal = Strong Sell Signal
03 Buy Signal = Strong Buy Signal
04 Sell Signal = Strong Sell Signal
Thanks to TradingView Technical Ratings authors, evergot, Lij_MC, KivancOzbilgic for their work. This indicator was heavily inspired from their work.
Nota Keluaran
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Title change
Nota Keluaran
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HalfTrend buy/sell signal added
Nota Keluaran
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* Ability to change color added * Donchian Trend Ribbon added for trend confirmation
Nota Keluaran
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*Refactor *Placement UI fix
Nota Keluaran
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Three types of volatility added that shows on table, that can be configured to show volatility of different TF
Is there a way to make the bottom confirmation continue like the other dots vs one dot then blank till it changes?
yugenmarkos
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I've been using it since I last commented. On the chart, I'm attempting a long-short without entering any actual orders. Dude, you made a money printing machine. You're awesome, thanks for sharing this for free.
sadmansamee
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@yugenmarkos, Thanks, Use with Price action for better results.
yugenmarkos
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@sadmansamee, by the way, i noticed that this indicator works better in stock markets. It confirms the beginning of the trend faster and clings to the trend for a long time. The success rate seems high. Thanks again for the Price Action advice. Is there another indicator that you recommend to use with your indicator?
sadmansamee
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@yugenmarkos, By Price action I meant S&R, Volume etc.
EpicM
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hi nice indicator please have an option to change colors
sadmansamee
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@thrilledCamel77436, yeah sure, can be done easily. On the next update
sadmansamee
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@sadmansamee, Color change feature added on latest release