INVITE-ONLY SCRIPT
Zentrading Trend Indicator v3.1
Updated
This is a script for beta testing only.
Based on ichimoku, but with slightly different behaviour, with many added features such as : trend detection, momentum detection, multiple time frame support/resistance levels, exhaustion/reversal signals.
Used in conjunction with the other ZT indicators (ZT momentum, ZT CyclePhase, and ZT Volumebars) the strategy provides very distinct setups to trade for reversals, breakouts and pullbacks.
Based on ichimoku, but with slightly different behaviour, with many added features such as : trend detection, momentum detection, multiple time frame support/resistance levels, exhaustion/reversal signals.
Used in conjunction with the other ZT indicators (ZT momentum, ZT CyclePhase, and ZT Volumebars) the strategy provides very distinct setups to trade for reversals, breakouts and pullbacks.
Release Notes
update and bug fixRelease Notes
bugfixRelease Notes
added MTF levels for day trading timeframes <1HRRelease Notes
added MTF levels for day trading timeframes <1HRRelease Notes
refactoredRelease Notes
Kijun momentum optimised MTF calculations refactored
Release Notes
added logic for pullback tradesPb signal requires a followthrough: if buy signal, buy the break of high of candle with signal
if sell signal: sell the break of the low of the candle with signal
Note:
FIRST PULLBACK TRADE OF TREND IS THE STRONGEST!
Release Notes
value adjustmentRelease Notes
Added pullback trade to breakout setups:First Pullback trade is now DURING breakout setup.
The Safest pullback is now the 2nd pullback trade (the first after a triggered breakout)
Release Notes
value fix Release Notes
updated Kijun momentum algoupdated MA momentum algo
Release Notes
updated pullback algoRelease Notes
PB bugfixRelease Notes
added alerts for all signals and confirmations.Release Notes
lower level mtf support resistance (dots) now also change to white on dark background settingalgo for MA momentum (color) adapted for better timing
Release Notes
- fixed bug in breakout setups: breakout setup would appear after sharp move in opposite direction, now no longer do.- changed color for lower level MTF support/resistance: now the same as the higher level MTF: black or white
- minor adjustment to PB detection.
Invite-only script
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