OPEN-SOURCE SCRIPT
Trend Master
Updated
This is a trend aggregator for confirmation and trend signals. It basically aggregates many buy/sell signals and confirmation and by combining them provides a strong buy/sell signal or trend confirmation.
The actual layout idea and trend confirmation is derived from Trend Meter and this indicator uses few other indicator, such as Chandelier Exit, WaveTrend, QQE Signals, Parabolic SAR and AlphaTrend. This indicator aggregates signal from different methods to find out more powerful and confirmed Trend and combines them into one Signal. It also uses Technical Ratings from TradingView team to filter out false signal, it tremendously opts out false signals and improve profitability.
The first seven dots are these
Then trend
Instructions
Alert
Thanks to TradingView Technical Ratings authors, evergot, Lij_MC, KivancOzbilgic for their work. This indicator was heavily inspired from their work.
The actual layout idea and trend confirmation is derived from Trend Meter and this indicator uses few other indicator, such as Chandelier Exit, WaveTrend, QQE Signals, Parabolic SAR and AlphaTrend. This indicator aggregates signal from different methods to find out more powerful and confirmed Trend and combines them into one Signal. It also uses Technical Ratings from TradingView team to filter out false signal, it tremendously opts out false signals and improve profitability.
The first seven dots are these
- All 3 Trend Meters Now Align
- MACD Crossover - Fast - 8, 21, 5
- RSI 13: > or < 50
- RSI 5: > or < 50
- MA Crossover
- MA Crossover
- Chaikin Money Flow
- Alphatrend
- Technical Ratings
Then trend
- Chandelier Exit
- WaveTrend
- QQE Signals
- Parabolic Sar
- All 3 Trend Meters aligns and A signal from trend i
Instructions
- Change buy/sell policy based on market trend
- Works on all TimeFrame but gives more accuracy on 4H, 1D.
- Buy when green big dot appears at the bottom.
- Sell when red big dot appears at the bottom.
- Red/green dot at the top line appears when three trend meter is aligned and this is a good confirmation.
- Any red/green dot below horizontal bars are trend signals.
- Big red/green got at the bottom appears whenever there's a good confirmation from trend meter and a buy/sell signal comes from any trend signals.
- Also look on the technical ratings bar, green means buy, red means sell and yellow means neutral.
- Look for Support or Resistance Levels for price to be attracted to.
- Find confluence with other indicators.
- The more Trend meters are lit up the better.
Alert
- 01 Buy Signal = Strong Buy Signal
- 02 Sell Signal = Strong Sell Signal
- 03 Buy Signal = Strong Buy Signal
- 04 Sell Signal = Strong Sell Signal
Thanks to TradingView Technical Ratings authors, evergot, Lij_MC, KivancOzbilgic for their work. This indicator was heavily inspired from their work.
Release Notes
Title changeRelease Notes
HalfTrend buy/sell signal addedRelease Notes
* Ability to change color added* Donchian Trend Ribbon added for trend confirmation
Release Notes
*Refactor*Placement UI fix
Release Notes
Three types of volatility added that shows on table, that can be configured to show volatility of different TFRelease Notes
[url=// Neural Network: tradingview.com/v/HCfdtUut/]Neural Networkhas been.
Release Notes
Neural network signal optimizationOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it 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.