DBI MTFDBI is the Directional Bias Indicator
This is a Daily timeframe concept that we can take to MTF's. What DBI does it takes an advanced look at Trend to produce four results... Active Green (which simply gives EDGE to buying exhausted or weak pullbacks that hold Bull Market Structure), Last Green (which means the indicator turned active Green and lost some of the characteristics that allowed it to go Active Green (this is a natural part of any pullback process and during these times there is still EDGE to finding confluent reasons too look for Longs until the indicator again turns to Active Red)), Active Red (which simply gives EDGE to shorting exhausted or weak bounces that hold Bear Market Structure), and Last RED (which means the indicator turned active Red and lost some of the characteristics that allowed it to go Active Green (this is a natural part of any pullback process and during these times there is still EDGE to finding confluent reasons too short until the indicator again turns to Active Green)).
As mentioned, this is a Daily TF concept, but, this indicator allows you to look at the same formula from the 5-minute chart to the Weekly chart. The benefit here is that it can allow the trained eye to get a better view at times where Longs have the path of least resistance and time when shorts have the path of least resistance. If we can give ourselves some extra EDGE toward knowing the path of least resistance on time frames that are above our trigger TF (The TF we plan to take a trade on) then we can be better prepared to either keep a tighter stop or perhaps give a Long or a Short more room to run due to what seems to be a friendly environment.
This indicator takes some time to understand, but, it has also been a massive favorite for many True Vibration 2.0 users for quite some time as this was previously built into that indicator. Utilizing True Vibration 2.0 along with DBI will heighten your experience dramatically.
Truecrypto28
Mr Anderson Simple Moving Average Strategy with Bend10This script is based on Mr. Anderson's (also known as TrueCrypto28 on twitter) 10/20 Day SMA trading strategy.
This is the extended strategy which includes the Heikin Ashi candle addition, and also the Bend10 strategy.
Full explanation of strategy can be found on this thread: twitter.com
I believe there is a paid version of this indicator, but I believe it looks a bit messy, and does not include the Bend10 addition.
This version is free, less cluttered (my opinion), includes the Bend10 indicator flags, and also changes the background to show where the MAs cross.
Default indicator values align with Mr. Anderson's strategy. You can switch timeframes and it will remain based on the 1D unless you change it in the settings.
Indicator is based on the Heikin-Ashi candles, but you do not need to have these candles active for the indicator to work. It will work regardless of what candles you use.
EXPLANATION OF INDICATOR:
- "long" + green up arrow is printed when all of the long conditions are met
---> this is where you would enter a long trade
- green 'X' is printed when the long cover condition is met (HA candle flips red/price drops below 10d SMA/bearish SMA cross)
---> this is where you would exit your long trade
- "short" + red down arrow is printed when all of the short conditions are met
---> this is where you would enter a short trade
- red 'X' is printed when one of the short cover conditions are triggered (HA candle flips green/price goes above 10d SMA/bullish SMA cross)
---> this is where you would exit your short trade
- green 'B' is printed when the BEND10 long condition is met (bearish trending 10d SMA starts bending, price breaks above 10d SMA, and HA candle flips from red to green)
---> this is where you CAREFULLY consider going long. This flag is to catch big pumps earlier than the long signals. If you do make an entry here, it is advised that you keep a tight stop loss, and take profits when the price reaches the 20d SMA
- The background color for a candle is red when there is a bearish MA cross (fast beneath slow)
- The background color for a candle is green when there is a bullish MA cross (fast above slow)
