Trend Stability (Expo)
Trend Stability (Expo) is a multifunctional trend trading tool that identifies all aspects of trend trading. The indicator helps traders to stay on the right side of the market, identify retracements, reversals, and trend strength. In addition to that, we have added momentum - moves for traders that want to do trend scalping. The candle coloring displays the current trend and gives early signs of trend reversals and retracements.
➤ All in one trading tool that filters out noise and leaves us with insights that matter.
Real-Time with Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
Use the indicator to gain insights into all aspects of trend trading:
Trend Stability/equilibrium
Trend Strength
Trend Retracements
Trend Reversals
Trend Filter
Momentum Moves
INDICATOR IN ACTION
4-hour chart
The setting used on the chart below displays negative momentum-moves with a noise-free positive trend.
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!
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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/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Trendfilter
Aligned Moving Average FilterThis is another adoption of Aligned Moving Average index study published earlier:
Instead of summing up the aligned moving average strength, here we are checking the max and min values from X bars. If maxValue is above threshold, we show bullish bias by coloring candles lime. Similarly if minValue is below threshold we show bearish bias by coloring candles orange. If the max and min signals are mixed - showing both bullish and bearish or showing neither bullish or bearish, then we do not have any bias and candles are colored in silver.
Parameter descriptions are as below:
Moving Average Type : Select moving average type to calculate moving average alignment index
LookbakPeriod : Periods to calculate min and max values
Threshold : Percentage less/more than min/max values of alignment index. At present, max value of alignment index is 36. Hence, 25 threshold will consider max ma alignment index above 27 as bullish and min alignment index below 9 as bearish
Filter type : allows you to use only bullish or bearish filter.
If bullish type is selected, then candle colors are based only on the maxValue of moving average alignment. Candle color will be lime if above threshold and silver otherwise.
If bearish type is selected, then candle colors are based only on the minValue of moving average alignment. Candle color will be orange if below threshold and silver otherwise.
SMOTHING_MOVE_SIDDThis Indicator is used to smooth the movement of scripts with SMMA and SEMA .
Inspired by Chris Moody RSI-EMA .
This indicator help to avoid any kind of small correction in trending direction and it filter small kind of correction.
Small correction like 2-15 irregular corrective candles is filtered with the help of smooth moving average and Arnaud Legoux Moving Average.
Keep default setting help for optimal trend filter changing setting may change the results.
This Indicator is not recommending for Buy and Sell.
New Choppiness IndexThis script tries to identify trending regions and ranging choppy regions.
Green areas are trends; Red areas are consolidation areas.
If you are a trend follower trader you should focus on green areas;
If you are a harmonic pattern trader you should focus on red areas.
I did not play with the parameters extensively, but as a rule of thumb higher parameters
helps on long term trades.
This tool seems to work better for major currencies pairs, presumably due to the
high exchanged volumes that reduces weird fluctuations.
Good set of parameters are:
(55, 9) the default ones, doing impressively well in EURUSD Daily;
(8, 5) doing well in GBPCHF Daily, short trades to be set at lower timeframes.
Happy trading,
vitelot/yanez/Vts
January 2019
Hitting the like button is a free sign of gratitude.
dual ma cross colored barsSimple Indicator that colors the bars based on whether the fast ma is over or under the slow ma to visually identify trends and when do the crossover occur.
wTF50This is a customized trend filter that has several uses:
It helps identify trend direction, either bullish or bearish
It distinguishes between a pullback and a trend reversal
It helps identify areas where traders should stand aside
It highlights areas of consolidation
dTF50This is a customized trend filter that has several uses:
It helps identify trend direction, either bullish or bearish
It distinguishes between a pullback and a trend reversal
It helps identify areas where traders should stand aside
It highlights areas of consolidation
Trend FilterThe indicator colours the candles either Green or Red depending on the following conditions:-
If the N Bar Average Close > N Bar Average Open, the Bars are coloured Green.
If the N Bar Average Close < N Bar Average Open, the Bars are coloured Red.
