PROTECTED SOURCE SCRIPT
Trendsniper
Trendsniper is an indicator built with MTF / 3D capability from the seconds to the weekly chart. It uses 2 key simple moving averages for MTF; the 20 and 21 with the zone fill using the 8 21 cross. We have incorporated the sma to avoid the whipsaw factor that an ema has so one can allow to stay in a trade while the trend remains as noted on the higher time frames and visible with MTF.
The longer time frame MTF moving averages give you a picture of the overall trend allowing trader to objectively trade using them to measure potential reversals and price strength. You will see that every SMA has time designations such as "15S1M" which would mean that that specific SMA is for the local time frame of 15seconds with 1M mtf inclusion. 15M60M would mean that that SMA is for the 15M local time frame chart with 60M mtf inclusion; meaning you're able to see the 60M (60minute) SMA on your 15M (15minute) chart. The same goes for the other SMAs noted in Trendsniper.
You will also notice that moving averages function as support and resistance and MTF moving averages may clearly note that on the chart.
A simple moving average is a technical indicator that can aid in determining if an asset price will continue or if it will reverse a bull or bear trend. We have used the 8, 20, 21 SMAs in this indicator to assist one with identifying the existing trend and exiting a trade when his/her conditions as a trader are met.
The longer time frame MTF moving averages give you a picture of the overall trend allowing trader to objectively trade using them to measure potential reversals and price strength. You will see that every SMA has time designations such as "15S1M" which would mean that that specific SMA is for the local time frame of 15seconds with 1M mtf inclusion. 15M60M would mean that that SMA is for the 15M local time frame chart with 60M mtf inclusion; meaning you're able to see the 60M (60minute) SMA on your 15M (15minute) chart. The same goes for the other SMAs noted in Trendsniper.
You will also notice that moving averages function as support and resistance and MTF moving averages may clearly note that on the chart.
A simple moving average is a technical indicator that can aid in determining if an asset price will continue or if it will reverse a bull or bear trend. We have used the 8, 20, 21 SMAs in this indicator to assist one with identifying the existing trend and exiting a trade when his/her conditions as a trader are met.
Protected script
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.