PROTECTED SOURCE SCRIPT
TradePoint
Updated
An indicator to help you find entries in the current trend but showing overextensions and hidden divs
It is based off my SRSI indicator https://www.tradingview.com/script/zBv5l7yr-SRSI-HLOC/
Just more sensitivity and less clutter
I wanted to make it as clear and simple to follow
The underlying momentum is the leading indicator for which trades you want to take and candles will turn colors based on that
If its bullish (aqua) then only take bullish divs and overextensions as trade entries
If its bearish (red) then only take bearish divs and overextensions as trade entries
Overextensions are moves outside the bands
to get confirmation wait for the trade line to flip colors
So if youre taking a bullish /long then wait for the trade line to turn green
If youre taking a bearish / short then wait for the trade line to turn red.
its not needed but always safer to wait for that
This is a free script but hidden code since it uses my SRSI code
If you find it helpful or want to repay me someway just DM me
CHEERS
It is based off my SRSI indicator https://www.tradingview.com/script/zBv5l7yr-SRSI-HLOC/
Just more sensitivity and less clutter
I wanted to make it as clear and simple to follow
The underlying momentum is the leading indicator for which trades you want to take and candles will turn colors based on that
If its bullish (aqua) then only take bullish divs and overextensions as trade entries
If its bearish (red) then only take bearish divs and overextensions as trade entries
Overextensions are moves outside the bands
to get confirmation wait for the trade line to flip colors
So if youre taking a bullish /long then wait for the trade line to turn green
If youre taking a bearish / short then wait for the trade line to turn red.
its not needed but always safer to wait for that
This is a free script but hidden code since it uses my SRSI code
If you find it helpful or want to repay me someway just DM me
CHEERS
Release Notes
Added alerts to all the buy/sell signals Added more visual to the signals too
The channel gets shaded which ever trade is shown as well as the band changes colors too
Nothing else really neew
Watch this video to learn how to use it :)
https://t.co/u5gktQF8JE
Have a plan. Trade it!
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.