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Breakout Trend Trading Strategy - V2This is an alternate version of Breakout Trend Trading Strategy - V1 Only difference is, this strategy places stop orders based on calculated targets whereas V1 waits for price to close target levels and then places market orders. Hence, you will receive the target prices before trade executes in strategy. Parameters are same as that of Breakout Trend Trading Strategy - V1 There is one additional parameter on Trade Type - which permits user to allow only breakout, pullback or reverse trading or combination of all. Backtesting parameters remain same : Capital and position sizing : Capital and position sizing parameters are set to test investing 2000 wholly on certain stock without compounding. Initial Capital : 2000 Order Size : 100% of equity Pyramiding : 1 Test cases remain same : Positive : AAPL , AMZN , TSLA , RUN, VRT , ASX:APT Negative Test Cases: WPL , WHC , NHC , WOW, COL, NAB (All ASX stocks) Special test case: WDI Negative test cases still show losses in back-testing. I have attempted including many conditions to eliminate or reduce the loss. But, further efforts has resulted in reduction in profits in positive cases as well. Still experimenting. Will update whenever I find improvements. Comments and suggestions welcome :)
Strategi Pine Script®
oleh Trendoscope
2
Trend & Confirmation – LRC Zone BreakoutTrend & Confirmation — LRC Zone Breakout & Confluence Grid © 2025 Ericson Arguelles. All rights reserved. Category: Trend (Strategy): Trend-Following Breakout System Confirmation (Indicator): Multi-Filter Confluence Panel Overview "Trend & Confirmation" is a two‑part trading system designed to capture sustained breakout moves while ensuring high‑probability entries with multi‑timeframe and volatility filters. It consists of: Trend — LRC Zone Breakout Strategy: A daily linear regression channel (LRC) breakout that enters long on closes above the upper band and exits on closes below the lower band. Confirmation — Confluence Grid Indicator: A top‑right panel that confirms weekly trend, daily momentum (RSI), and volatility (ATR %) are all aligned before taking a breakout. Installation Create New Strategy Script In TradingView, open the Pine Editor. Paste the Trend & Confirmation – LRC Zone Breakout strategy (with //@version=5, your copyright line, and full code). Click Add to Chart. Create New Indicator Script In Pine Editor, open a new tab. Paste the Trend & Confirmation – Confluence Grid indicator script. Click Add to Chart. How to Use Timeframe: Switch to 1 D (Daily) chart. Trend (Strategy) Watch for the green cloud and the price crossing above the upper LRC band ⇒ a BUY bubble appears (at next open). Exit when price crosses below the lower LRC band ⇒ a SELL bubble appears. Confirmation (Grid Panel) Only take BUY signals on days when the grid background is fully green, indicating: Weekly EMA(50) slope is positive. Daily RSI(14) > threshold (default 55). ATR(14) % > threshold (default 1%). Tips & Best Practices Position Sizing: Default is $4 000 per trade; adjust in the strategy properties or switch to percent‑of‑equity. Alerts: Use built‑in LRC Buy and LRC Sell alert conditions to get real‑time notifications. Parameter Tuning: You can tweak lookback lengths (LRC, ATR, RSI) and threshold multipliers to suit different volatility regimes. Avoid Earnings: Optionally filter out trades around earnings announcements to reduce gap risk. Recommended Stocks Ticker Sector Notes AAPL Technology Hardware Seasonal rallies, post‑earnings breakouts MSFT Software & Cloud Consistent uptrends, institutional flows NVDA Semiconductors Big momentum ramps, high ATR AMZN E‑commerce/Cloud Volatile earnings cycles, retail data catalysts GOOGL Digital Advertising Ad‑revenue driven swings META Social Media/VR Momentum‑driven runs CRM CRM Software Enterprise spending trends TSM Foundry Semiconductors Industry upswings, clean breakout moves SHOP E‑commerce Platform High‑growth profile, frequent new‑highs AAPL Consumer Staples ETF Diversify into major sector trend Example Workflow Add both scripts to your chart on a fresh daily view of AAPL. Enable alerts for LRC Buy and LRC Sell. Wait for a fully green grid day and an upper‑band breakout ⇒ enter at next open with your fixed size. Monitor the green cloud and EMA; exit on lower‑band breakdown. Trend & Confirmation brings systematic trend capture and disciplined multi‑layer confirmation in one cohesive package. Happy trading!
Strategi Pine Script®
oleh ericsonYA
Trendline deluxeTrendline deluxe As someone said: "The best trend indicator is when you print the chart, put it on the wall and take a few steps back. If you now can identify the trend you're done!" This is an attempt of doing the same thing... I find it handy to switch the color of the trendline depending on the where the Trend is going. Especially when zooming in on the chart, the color tells you what the overall Trend is. Trendline deluxe comes with an extra twist in that it can be colored according to your Stock index of choice, but still be plotted according to the Stock at hand.
Penunjuk Pine Script®
oleh kruskakli
Trend Sentiment [racer8]Trend Sentiment is a trend indicator with enhanced graphics, that is, it has many different shades of blue and red. The brighter the blue, the more bullish. The brighter the red, the more bearish. It is a simple indicator with a basic formula: a = close > prev.close? ---> If yes, a = 1, otherwise a = 0. b = sma of a over n periods -----1st parameter, n...."Length" c = sma of b over j periods ----- 2nd parmeter, j..."Smoothing" plot (c) Is c > 0.5? ---> If yes, background color = blue, otherwise red. plot background color. plot 0.5 as dotted midline. The Trend Sentiment value represents the percentage of bullish force in the market. Signals are generated when it crosses the 50% mark. Values above 0.50 are bullish and values below 0.50 are bearish. Enjoy and hit the like button :)
Penunjuk Pine Script®
oleh racer8
2
TrendMaster, v. 5.1TrendMaster (ver 5.0, a.k.a. "Mr. T") is a trend-anticipating system which shows eye-popping results. Rather than a simple "trend-rider" which continually lags, TrendMaster uses pattern recognition to anticipate trend changes. It hunts for turns in market cycles using a proprietary decision matrix of 27 "trade triggers" (variants of classic technical indicators). In backtesting the annualized return (July 2017-July2018) of the top 100 largest capitalized equities, not only did its results beat the indexes, but it outstripped a buy-and-hold strategy by a whopping 700%: i.e., while the 100 largest equities had an average annual yield of 17%, the strategy produced a 129% return across the entire range of stocks.* Even more staggering results can be seen when using the system in strongly-trending markets like cryptos. (See, for instance, the particularly stunning results for Bitcoin Cash in the screen shot at the end). [ ] The following charts give you some sample tests of best performing (top chart) and worst performing (bottom chart) equities, ETFs, and cryptos (July 2017-July2018 time range). TrendMaster / "Mr T" 5.1, Example Annualized returns >>> Higher Performing Instruments (best performing interval between 15min - 1 day) <<< Symbol Description Interval % Return Trades % Profitable Profit Factor Max Drawdown Sharpe Ratio Buy & Hold DUST 3x Short Gold miners 30 min 3050% 421 43% 1.5 ( -17% ) 1.8 ( - 27 % ) NUGT 3x Long Gold miners 15 min 3300% 423 44 1.2 ( -11% ) 1.2 ( - 10 % ) APPL Apple, Inc 1 hour 118% 354 46 2.2 ( -6% ) 1.3 32% GOOG Alphabet, Inc 30 min 128% 660 44 1.9 ( -5% ) 1 27% BABA Alibaba Group 30 min 389% 642 46 2.3 ( -3% ) 1.6 37% BTC/USDT Bitcoin 1 hour 1000000% 1573 53 3.1 ( -8% ) 1 57% ETH/USDT Ethereum 1 hour 13000000% 1533 55 3.2 ( -12% ) 1.2 56% LTC/ USDT Litecoin 30 min 5000000% 1946 54 2.8 ( -12% ) 1.2 ( - 71% ) >>> Lower Performing Instruments and/or Lower Performing Market Settings (worst performing interval between 15 min - 1 day) <<< Symbol Description Interval % Return Trades % Profitable Profit Factor Max Drawdown Sharpe Ratio Buy & Hold PSQ Short Nasdaq ETF 5 min ( - 14% ) 1894 28% ( - 0.9 % ) ( -20% ) ( -0.3 ) ( - 20 % ) SH Short S&P ETF 1 day 20% 35 51% 2.8 ( -7% ) 0.5 ( - 12 % ) MSFT Microsoft 1 hour 37% 249 37% 1.4 ( -4% ) 0.5 45% AZN Astrazeneca, PLC 1 day 22% 32 50% 1.9 ( -6% ) 0.3 ( - 4 % ) MUFG Mitsubishi UFJ 1 day 296% 1255 39% ( - 0.6 ) ( -27% ) ( - 0.3 ) ( - 16 % ) BTC/USDT Bitcoin 1 min ( - 33 % ) 1349 25% ( - 0.5 ) ( - 33% ) ( - 1.1 ) 5% ETH/USDT Ethereum 1 min ( - 40 % ) 1595 24% ( - 0.6 ) ( -40% ) ( - 1.1 ) 6% LTC/USDT Litecoin 1 day 123 14 57% 4.8 ( - 5% ) 1.1 ( - 48% ) Note, of course, that any trend-anticipating bot has limitations. The Lower Performing results above show that because the system seeks gains in trends, it can underperform in choppy, aimless markets. Similarly, very short time frames (i.e. 1 - 5 minutes) can provide too many gaps and too few runs for it to reliably track. Backtesting is therefore essential to make sure this system is suitable for your (a) market, (b) time frame, and (c) trading mindset. On the other hand, a broad range of data show that almost any trending market, in almost any time frame, can be very productive. Contact us if you would like to experience this bot.
Strategi Pine Script®
oleh vogoninvictus
3
Trend CandlesTrend Candles is a simple indicator based on the trend following strategy that shows you exactly when to buy, sell and close trades on every chart, market and timeframe. It's always in a trade, either long or short as indicated by the color of the candles, when the candles are green that means go long, when they switch to red that means go short until the next green candle appears. It's best used on markets that tend to trend a lot like currencies, futures and cryptos, however it also works well on stocks and ETFs (long-only). How Is It Different From Other Indicators? - Designed specifically for the trend following strategy - Color coded candles for visually appealing chart guidance - Signals are based on current and past volatility - They aren't as sensitive to false signals after periods of contracted volatility - Helps to keep you in the trend without being "shaken out" - Can be applied to all markets and timeframes How To Use The Indicator? 1) Visit our website URL shown below this description and subscribe 2) We will then grant your TradingView username permission to use our indicators 3) Go to your Indicators window, then the Invite-Only section and add our indicators to your chart 4) Our indicators will then show on every chart you now look at 5) You can set up alerts to be notified in real time of trading signals from our indicators 6) Read our user manual for all the best tips on how to use our indicators 7) Feel free to reach out to us for personal one-on-one help with getting setup What Markets and Conditions Does It Work Best On? All markets cycle between trending and ranging modes, and the key to successfully using these indicators is identifying when the market is in or likely to go into a trending mode, and as such it can be applied to all markets and timeframes. After a market has contracted for a period of time in a tight range, the 1st entry signal after the period of consolidation can become the start of a powerful trend. On the flip side taking every signal when a market is ranging will result in churn. Our indicators are primarily designed for day trading and swing trading, however they can also be used for position trading and investing by keeping you invested in the trend which can be very difficult to do without a good indicator due to all of us being vulnerable to getting "shaken out" of a trend. This indicator will always respond to changes in price and will never keep you in a trend going against you, and like all good trend following it adheres to the principles of cutting your losses and letting your winners run so long as the trend is intact. It's the top 1-5% of your trades that account for 80-90% of your profits, as fat tail moves happen more often in markets than a normal distribution would suggest and that's why trend following albeit difficult to practice, will always work. With stocks and ETFs, we recommend sticking to long only as shorting stocks is very difficult no matter the strategy or indicator used. If you're an investor you can use Trend Candles on the daily or weekly charts to help keep you in good stocks and industries and avoid holding onto perpetual losers. As always indicators should be used as part of a trading strategy to assist in making decisions, instead of just blindly following every signal they produce you should always seek to compliment technical trading signals with additional analysis to reduce your risk and increase your odds of making a winning trade. Examples Of Trend Candles On Various Markets and Timeframes FOREX - EURJPY (5 Minute Chart) CRYPTOCURRENCY - ETHUSD (30 Minute Chart) STOCKS - TSLA (Daily Chart) COMMODITIES - GOLD (Daily Chart)  To gain access to Trend Candles today visit our website shown below. Happy Trend Following :)
Penunjuk Pine Script®
oleh Click-Capital
9
Trend Following IndicatorTrend Following Indicator is for following trend and being in trend till trend is not changed. Each Bullish and Bearish signal you can add one more future or option lot and be in trade till bearish signal is not coming. You can close Long trade i.e. Bullish pyramiding trade when you see there is small red arrows are there and similarly when you are in Short trade you can pyramid with each Bearish signal and you can close the trade when small green arrow start coming. Pros: This signal system is working in stocks and Index and Commodity and Currency. Cons: Choppy market results are not good on that time you have to believe on small arrows for signals. This signal is available on subscription. contact me or ping me for more details.
Strategi Pine Script®
oleh siddmuk2005
2
TrendMaster Gold, v. 6.2xTrendMaster Gold The ultimate refinement of last year’s TrendMaster system, TrendMaster Gold takes deep pattern recognition to a new level tracking over 20 indicators triggering seven decision gates to trade in a Renko-smoothed charting environment. Optimized for higher returns over a wider range of instruments (see returns below), you are invited to trial this market-mirroring engine. Subscribers receive full breakdown for fine-tuning results to their market favorites while avoiding bot traps. Reach out by message to get your free trial. We are always available for questions, comments, and suggestions. There’s always room for improvement. Results Chart The backtests below show 1-year returns against a Buy and Hold (B+H) approach for 40 of the world’s top traded instruments (as measured by price volume or similar indicator). The TrendMaster system was run on the top 10 instruments in each of four major markets: Equities, ETFs, Cryptocurrencies, and Forex. All tests were on a 30min chart, set to Renko “Traditional” blocks (because TradingView does not support realtime alerts from ATR-based charts). Block size was set proportionately to price to give the instrument positive results, but there was no “cherry-picking”. (In fact, changing time frames would have produced even better returns in some cases, but it seemed best to use a consistent measure.) Subscribers to the system receive a full, step-by-step breakdown on how to customize the parameters to get the best from their favorite markets. (For each instrument, you see listed its Symbol (name), Profit % (annual return using TrendMaster Gold), Winning Trade % (being “right”), ProfitFactor (Ratio of money won to money lost), Max Draw Down % (point of worst % loss during the year), and B+H (how much the asset would have returned with no trades, via "buy-and-hold" )...) TrendMaster Gold Settings: 30 min, Traditional Renko box, over 1 year (June 1, 2018 - June 1, 2019) EQUITIES Symbol Profit % Trade % PF Max DrDn B + H AMZN 2,212 62 6.6 3 7 AAPL 158 49 3.7 5 5 TSLA 8,263 57 5 6 -38 FB 179 47 3 8 -7 BABA 247 56 3.4 9 -23 BYND 348 67 17.9 6 140 MSFT 224 58 6.8 3 28 AMD 171 50 2.6 13 0 NFLX 2,132 55 5.2 11 -5 BA 560 54 4.9 3 97 ETFs Symbol Profit % Trade % PF Max DrDn B + H SPY 275 64 5.5 3 4 QQQ 865 62 6.1 3 5 EEM 278 60 5.3 2 0 IWM 783 61 6.1 2 -3 HYG 21 51 2.7 1 0.5 EWZ 798 58 5.6 5 26 LQD 12 54 2 1 6 EFA 121 61 4.5 2 -7 FXI 391 63 5.4 3 -15 XLF 200 58 3.4 5 -3 CRYPTOCURRENCIES Symbol Profit % Trade % PF Max DrDn B + H BTC/USD 3 million 55 4.7 8 -8 ETH/USD 2 million 52 4.9 21 -54 XRP/USD 6 million 52 4 13 -16.6 LTC/USD 222,000 54 3 13 13 BCH/USD 380,000 54 4.6 28 -5 EOS/USD 147,000 55 2.7 20 13 BNB/USDT 2 million 54 4.4 14 143 BSV/USD 334,000 65 18 5 -8 XLM/USD 34 million 51 2.8 12 34 ADA/USD 48,000 64 7 6 3 FOREX PAIRS Symbol Profit % Trade % PF Max DrDn B + H EUR/USD 13 41 1.3 5 -4 USD/JPY 3 37 1.1 4 -1 AUD/USD 24 43 1.4 4 10 USD/CAD 20 43 1.7 4 3 GBP/USD 36 46 1.8 2 -5 NZD/USD 21 47 1.6 2 -6 GBP/JPY 40 42 1.6 2 -6 EUR/JPY 18 54 3.2 2 -5 AUD/JPY 47 44 1.8 5 -10 EUR/GBP 17 46 1.7 4 0.1
Strategi Pine Script®
oleh vogoninvictus
8
Trend Breakout [Uncle Sam Trading]Trend Breakout Indicator Overview The Trend Breakout Indicator is a powerful, non-repainting tool designed to help traders identify high-probability breakout and trend reversal setups on any market and timeframe. By leveraging pivot points, this indicator draws dynamic support and resistance channels, highlights counter-trend breakouts, and provides visual cues for market direction. It’s ideal for traders looking to simplify their analysis while targeting key price levels for entries and exits. Key Features Pivot-Based Channels: Draws a red upper channel (resistance) and a green lower channel (support) by connecting recent pivot highs and lows. Counter-Trend Breakout Signals: Blue “CT Breakup” signal (▲) when the price breaks above the upper channel during a downtrend, indicating a potential reversal or pullback. Orange “CT Breakdown” signal (▼) when the price breaks below the lower channel during an uptrend, signaling a potential downmove. Trend Visualization: Background color shifts to green for uptrends and red for downtrends, making it easy to gauge market direction. Customizable Settings: Adjust pivot detection sensitivity with “Pivot Left Bars” (default: 5) and “Pivot Right Bars” (default: 1), and control channel extension with “Channel Extension Bars” (default: 50). Optional Trend Signals: Enable “Show Trend Change Signals” to display trend shifts with green (uptrend) or red (downtrend) arrows. Alert Conditions: Set alerts for counter-trend breakouts and trend changes directly on TradingView. Example Performance (BTCUSDT, 1-Hour Chart) On the BTCUSDT 1-hour chart: A “CT Breakdown” signal appeared on April 6 at 8:00 AM at $82,700, followed by a drop to $74,400 within hours—a 10% move. A “CT Breakup” signal occurred on April 9 at 1:00 AM at $76,600, leading to a rally to $86,600 in a few hours—a 9% gain. These examples highlight the indicator’s ability to spot significant price movements, though results depend on market conditions, your trading style, and risk management. Settings Pivot Left Bars (default: 5): Number of bars to the left for pivot detection. Pivot Right Bars (default: 1): Number of bars to the right for pivot confirmation (ensures non-repainting signals). Channel Extension Bars (default: 50): How far the channels extend to the right. Show Pivot Points (default: true): Displays small triangles at pivot highs (maroon) and lows (navy). Show Counter-Trend Breakout Signals (default: true): Shows CT Breakup and CT Breakdown signals. Show Trend Change Signals (default: false): Displays trend shift arrows when enabled. How to Use Add the indicator to your chart via TradingView’s indicator library. Adjust the settings to match your trading style and timeframe. Watch for “CT Breakup” and “CT Breakdown” signals to identify potential trade setups. Use the background color (green/red) to confirm the current trend. Set alerts for breakouts or trend changes to stay updated on key signals. Always combine with proper risk management and your own analysis—past performance is not a guarantee of future results. Notes The indicator is non-repainting, meaning signals are confirmed and won’t disappear after they form. Works on any market (crypto, forex, stocks) and timeframe, such as the BTCUSDT 1-hour chart shown. Performance varies based on market volatility and your trading strategy. This is a free tool created to support the TradingView community—feedback is welcome in the comments! Disclaimer Trading involves risk, and this indicator is not a guaranteed predictor of future price movements. Always conduct your own analysis and manage risk appropriately. The examples provided (e.g., BTCUSDT signals) are for educational purposes only and reflect past performance, which may not repeat.
Penunjuk Pine Script®
oleh UncleSamTrading
4
Trend Heuristics (+Signals)Trend Heuristics - Enhanced Rolling VWAP with Smart Signals This indicator is an enhanced version of the Rolling VWAP (RVWAP) concept, originally based on PineCoders' ConditionalAverages library. It combines volume-weighted average price analysis with advanced signal detection for both sweeps and breakouts. Core Features 1. Rolling VWAP System - Implements a dynamic rolling VWAP that adapts to different timeframes - Includes standard deviation bands for volatility measurement - Offers flexible time period settings (fixed or auto-adjusting) - Provides customizable visual elements including bands and fills 2. Dual Signal System Sweep Signals Detects high-probability reversal points with these conditions: - Bullish Sweep: - Opens above upper band - Tests below upper band (low) - Closes above upper band - Shows stronger lower wick - Closes above previous high - Has favorable close position (upper 50% of candle) - Bearish Sweep: - Opens below lower band - Tests above lower band (high) - Closes below lower band - Shows stronger upper wick - Closes below previous low - Has favorable close position (lower 50% of candle) Breakout Signals Identifies potential trend changes with these conditions: - Bullish Breakout: - Opens below VWAP - Closes above upper band - Indicates strong momentum shift upward - Bearish Breakout: - Opens above VWAP - Closes below lower band - Indicates strong momentum shift downward Technical Details Base Components - Built upon PineCoders' ConditionalAverages library - Incorporates custom alert system via CustomAlertLib - Uses standard deviation for band calculations Customization Options - Adjustable standard deviation multiplier - Flexible time period settings - Independent controls for sweep and breakout signals - Customizable visual elements (colors, sizes, positions) - Custom alert message formatting Use Cases 1. Trend Following: - Use VWAP as dynamic support/resistance - Monitor breakout signals for trend changes 2. Mean Reversion: - Use sweep signals for counter-trend opportunities - Standard deviation bands for range identification 3. Volume Analysis: - VWAP provides volume-weighted price levels - Helps identify significant price levels Notes - Best performed on liquid instruments with consistent volume - Most effective on timeframes from 1hours to 4 hours and 1D, anything greater isn't very good - Recommended to use in conjunction with other technical analysis tools - Signals can be filtered based on higher timeframe trends Credits - Original Rolling VWAP concept by PineCoders
Penunjuk Pine Script®
oleh mindyourbuisness
Trend Maestro - Linear Regression & Volatility BandsTrend Maestro - Linear Regression & Volatility Bands Description: The "Trend Maestro - Linear Regression & Volatility Bands" indicator is meticulously designed to provide traders with a clear understanding of market trends through the application of linear regression techniques and enhanced market data visualization. This tool is essential for traders looking to interpret long-term trends and market stability. Here's how the indicator functions and what makes it a unique addition to your trading toolkit: 1. Linear Regression Calculation: At the heart of this indicator lies the linear regression calculation, which identifies the primary trend direction over a specified period. It does this by computing a line of best fit through the closing prices, helping to smooth out price fluctuations and highlight the prevailing trend direction. Users have the flexibility to adjust both the length of the regression and the offset period, enabling them to tailor the indicator's responsiveness to different market conditions. 2. Visualization Through Volatility Bands: The volatility bands, plotted at half, one, two, and three standard deviations around the linear regression line, serve primarily as a visualization tool rather than a basis for investment decisions. These bands: Measure the dispersion of price from the trend line, providing a graphical representation of volatility. Help traders visually assess the market's stability and the reliability of the current trend, with broader bands indicating higher volatility and narrower bands suggesting more stability. 3. Customization Features: The indicator offers customization options including toggle switches for bar color and the display of SD bands, enhancing visual clarity. These settings allow traders to personalize the display according to their visual preferences and analysis requirements. By incorporating these elements, the "Trend Maestro - Linear Regression & Volatility Bands" indicator offers a framework for understanding market trends through both quantitative calculations and qualitative visual aids. This makes it a valuable tool for those looking to make informed decisions based on longer-term market observations.
Penunjuk Pine Script®
oleh Mishari_Alr
Trend Trigger Factor w/ Discontinued Signal Lines [Loxx]Trend Trigger Factor w/ Discontinued Signal Lines is a Trend Trigger Factor indicator with floating boundary lines to identify trends earlier What is the Trend Trigger Factor? Designed by M.H. Pee, the Trend Trigger Factors role is to help traders detect uptrends and downtrends and thus allow them to better position themselves in a with-trend manner. Its creator argues that the markets are mostly random but have a small trend component, which is the most crucial part of trading success. Being able to determine whether the market is in a bull or bear trend and how strong that trend is will allow you to be on the right side of the market for longer, capitalizing as much as possible on its trending behavior. In his article, M.H. Pee used a 15-period trackback span to explain the calculations. The TTF formula is based on the so-called Buy Power and Sell Power. In his example, Pee labeled today as day 1, yesterday as day 2, the preceding day as day 3 and so on What's new in this indicator? Averages filter out prices prior to being used in calculation. That way the lag added is smaller than when the smoothing is used on the calculated result. Unlike the original which uses levels +100 and -100 as significant levels for signal triggering, this version is using discontinued signal lines for trend filtering. That way it makes it a bit more responsive to market conditions How do I use this? The Trend Trigger Factor is similar in interpretation to the Relative Strength Index. It is plotted on a scale with most prominent levels at +100 and -100, crosses of which logically signal possible trade entries. The difference here, however, is that the upper and lower boundary flex with price movements so the upper and lower boundary shift dynamically. Crosses above the top line signify bullish sentiment, crossed below the the bottom line signify bearish sentiment.
Penunjuk Pine Script®
oleh loxx
3