Call and Put by Powerful TradingThis script attempts to use Exponential Moving averages (short-term and long-term convergence) of different lengths in order to identify trade entries and exits for bullish & bearish trades. I would strongly recommend using it on Bank nifty , Nifty 50 . You use this script by entering a trade when it signals a green CALL signal with a UP label and exiting when it signals red put signal. The general idea is that one is fast and one is slow-moving EMA and these indicate when to buy/sell when they crossover the overbought/sold lines.
It also provides a vertical line with green and red color , when short ema is over it shows green vertical line and when short ema is below it provides red vertical line.
Best for bank nifty on 15 mins chart
Hekinashi
Heikin Ashi MTF Trend [Pt]█ Introduction
The Heikin Ashi MTF Trend indicator takes a simple approach to understand the trend by visualizing Heikin Ashi candle colors across multiple timeframes and representing it in a simple and visual manner. It utilizes the Heikin Ashi (HA) candles across four custom timeframes to detect trend shifts and strength. The indicator also offers alert conditions for potential bullish and bearish trend shifts.
█ Features
► Multiple Timeframes (MTF) Trend Detection: The script fetches HA data from four different timeframes. This multi-timeframe approach gives a holistic view of the market sentiment.
► Weighted Trend Score: The individual trend scores of the four timeframes are multiplied with their respective weights and summed up to provide a cumulative trend score that is used to determine bar colors and trend shifts.
► Visual Trend Depiction : It displays the trend using default green/red squares for each timeframe and a gradient-filled bar to represent the cumulative trend score.
► Trend Change Alerts: Users can set alerts for bullish and bearish trend shifts.
█ Alerts
◊ Bull Trend Signal Alert: Alert when there is a bullish trend shift.
◊ Bear Trend Signal Alert: Alert when there is a bearish trend shift.
█ Usage Tips
◊ The greater the discrepancy in the weights across the timeframes, the more emphasis is placed on the higher weighted timeframe.
◊ While the gradient bar provides a quick trend overview, it's essential to view the trend squares to understand the individual timeframe sentiments.
◊ Always consider using this tool in conjunction with other indicators or methods for confirmation and enhanced trading strategy.
Happy Trading~~
