INVITE-ONLY SCRIPT
Zentrading Trend Follower
Updated
Our Trend following indicator is designed to get you in every trend safely, but perhaps most importantly, keeps you out of bad trades.
It performs well on all assets as it captures trending moves.
It does not only provide you with buy or sell signals you have to react on quickly, rather, it shows you when a trade setup is active. In this way you can anticipate the break of the breakout level to enter the trade. A trailing stop loss is used to exit.
It will work on all timeframes, but as lower timeframes add more noise to the market there will naturally be more losing trades than on higher timeframes. We recommend using it on anywhere from the weekly down to 1 or 2 HR -0.44% timeframes.
It is very simple to use:
The shaded areas on the chart indicate that a trade setup has been detected: Green for bullish setups, red for bearish setups.
The blue dots are plotted as the breakout level, if the price breaks this level the trade is entered. (as you can see on the chart, they can sometimes move towards the price!)
Red crosses are plotted as your trailing stop loss, if price breaks the stop loss the trade is closed.
This is a subscription indicator, please pm for information on how to access.
Happy trading!
It performs well on all assets as it captures trending moves.
It does not only provide you with buy or sell signals you have to react on quickly, rather, it shows you when a trade setup is active. In this way you can anticipate the break of the breakout level to enter the trade. A trailing stop loss is used to exit.
It will work on all timeframes, but as lower timeframes add more noise to the market there will naturally be more losing trades than on higher timeframes. We recommend using it on anywhere from the weekly down to 1 or 2 HR -0.44% timeframes.
It is very simple to use:
The shaded areas on the chart indicate that a trade setup has been detected: Green for bullish setups, red for bearish setups.
The blue dots are plotted as the breakout level, if the price breaks this level the trade is entered. (as you can see on the chart, they can sometimes move towards the price!)
Red crosses are plotted as your trailing stop loss, if price breaks the stop loss the trade is closed.
This is a subscription indicator, please pm for information on how to access.
Happy trading!
Release Notes
this is a testing version of the trading system. Release Notes
added superstochastic entry filterIf indicator says go, enter trends on breakouts on L1 and L2 signals.
Still in testing phase, will push to all subscribers when done.
Release Notes
filters applied to L2 Signals, no more need for manual confirmationRelease Notes
signals filteredRelease Notes
bugfixRelease Notes
filters adjustedRelease Notes
reworkRelease Notes
bugfixRelease Notes
bugfix?Release Notes
bug fix that maybe will go through..?Release Notes
added cross signalRelease Notes
changed labelsRelease Notes
KS and 9 ma in stead of ribbon for better readability.Added double exhaustion cycle:
single exhaustion = red/ blue dot
double exhaustion = red/blue diamond + arrow. (high probability countertrend if confirmed by oscillators)
Release Notes
alerts fixedRelease Notes
new versionno change in signals
Release Notes
bugfixRelease Notes
added multiple time frame support and resistance levels -> Black crosseshelp find relevant levels and extra confirmation of trend reversal (an MTF cross forming above or below the candle, resp. bearish and bullish signal)
Release Notes
bugfix for repainting crossesRelease Notes
updated MTF support/resistance crosses:updated selection criteria
timeframe adjustment added
MTF cross flipping more reliable
previous MTF cross levels more valuable
Release Notes
fixed MTF bugRelease Notes
MTF bug fixRelease Notes
added intraday MTF support/resistance levels: purple dotstracks levels in timeframes under 60 min
Main use is on intraday charts
option to switch them off in the indicators settings window
Release Notes
updated efficiencyRelease Notes
added filter for L1 signalsupdated intraday timeframe analysis efficiency
Release Notes
added trend filter for easier trend trading.BullOK - buy L1/L2 signals, buy breakout setups
BearOK - sell L1/L2 signals, sell breakout setups
Range - price is ranging, don't trade L1/L2 signals, don't trade breakout setups.
Release Notes
cosmetic updateRelease Notes
cosmetic updateRelease Notes
cosmetic updateRelease Notes
alert conditions updatedRelease Notes
updated alert conditions - added reversalRelease Notes
updated alert conditionsadded clouds
better visibility on dark charts
Release Notes
updated coloursRelease Notes
fixed breakout bugadded break labels to confirm breakout trade
Release Notes
fixed bug in fiter algoRelease Notes
updated filter algoupdated exhaustion algo and changed signals to reversal signals: R1 and R2
Release Notes
corrected coloursRelease Notes
updated major and minor exhaustion cycle signalsadded text for long term and immediate bias and price
Release Notes
bugfixRelease Notes
bugfixRelease Notes
bugfixbreak labels changed to gray confirmation triangles to clean up the chart a bit
Release Notes
adjusted both confirmation alto's to be more responsive. This means using both confirmations becomes more important!adjusted L1 and L2 algo's to better fit. L1 are arrows, L2 triangles
Release Notes
bugfix in signalRelease Notes
bugfixRelease Notes
bugfix L1 signalRelease Notes
bugfixRelease Notes
updated barfilterRelease Notes
trend filter adjustmentRelease Notes
bugfixRelease Notes
mtf cross addedInvite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact DariusZen for more information, or follow the author's instructions below.
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Disclaimer
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