PROTECTED SOURCE SCRIPT
TrendBand Naked
Updated
Same concept as Trendband Guide script, but now, we can choose any combination of moving average that suite with our own trading style.
Default setting :
Input (candle base on your timeframe)
Breakout Candle : 5 (highest)
Breakdown Candle : 10 (lowest)
Moving Average Line
EMA : default EMA, uncheck for MA
Fast Line : 10
Slow Line : 20
Direction : 50
Long Term : 200
Style
Breakout Line / Breakdown Line : Horizontal line base on breakout or breakdown setting above
Green Triangle : Potential pullback breakout
Red Triangle : Candle make new high but close lower (potential weakness)
Black Triangle : Candle make new low but close higher (potential strength)
Inside Candle : High and low current candle was smaller and within the high and low the previous candle
Background color : Red for positive / uptrend (fast line above slow line) and green for negative/downtrend (fast line below slow line)
Default setting :
Input (candle base on your timeframe)
Breakout Candle : 5 (highest)
Breakdown Candle : 10 (lowest)
Moving Average Line
EMA : default EMA, uncheck for MA
Fast Line : 10
Slow Line : 20
Direction : 50
Long Term : 200
Style
Breakout Line / Breakdown Line : Horizontal line base on breakout or breakdown setting above
Green Triangle : Potential pullback breakout
Red Triangle : Candle make new high but close lower (potential weakness)
Black Triangle : Candle make new low but close higher (potential strength)
Inside Candle : High and low current candle was smaller and within the high and low the previous candle
Background color : Red for positive / uptrend (fast line above slow line) and green for negative/downtrend (fast line below slow line)
Release Notes
- Change "candel" to "candle"- Update Breakdown Candle culculation
Release Notes
Add :Trailing stop line.
Update :
Wording change from "Breakout Day" to "Breakout Candle"
Release Notes
Lates update for TRENDBAND NAKED.Additional Input for
- Trailing Stop Line
- Break Weekly Low
- Pptrust
- Oversold Mode
Add Alert
- Breakout Candle
- Pullback Breakout
- Inside Bar
- New Low
- Oversold Signal
Remove
- Breakout and Breakout Line
Release Notes
New Update- update from pine script VER 3 to VER 4
- add LABEL with TRADING IDEA
- change user input option
- update STOP LOSS calculation
- upadate trendband ALERT
- new label for SPINNING TOP
Disclaimer
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