Bjorgum

TKP T3 Trend With Psar Barcolor

This script is adapted from TKP's long/short indicator to initiate buy/sell indications when price crosses the T3 moving averages, and when the T3's themselves cross. Bars change colors based on price over/under T3 and T3 up or down or This allows for simple visual analysis of trend direction along with entries, exits, and stop loss values.
Notas de Lançamento: Added color change for rising/falling T3
Notas de Lançamento: Updated to version 4. Updated color scheme. Outlined metrics in comments to define signals and inputs. Name changed.

*NEW*

Incorporated a TSI momentum element to attempt to anticipate reversal candles. Arrow symbols are displayed on bars where the TSI value line "curls" toward the signal line when over or under the signal line. This can indicate momentum "headwinds" or "tailwinds"
Notas de Lançamento: Added alert conditions

-'Close crossing T3' ----> alerts that reversal candle is forming
-'T3 crossing T3 ' ----> alerts that new trend may be forming
Notas de Lançamento: -Color change and display image refresh as it was lost on last update
Notas de Lançamento: Update includes some menu name changes and plot fill color between T3 averages to accentuate bullish and bearish trends
Notas de Lançamento: NEW FEATURES!

-Optional "Plotbar Overlay" plots bars with Heikin-Ashi Inputs when toggled. This allows for the benefits of price smoothing without sacrificing moving average and indicator performance as real close value is still used. This can also help on short time frames and improve results with crypto! The user must "mute" the main series candles when in use to avoid candle overlap.

-Included optional price line as muting main bars will disable the TradingView default price line. The horizontal plot will track the real closing price while in HA mode!

4-COLOR SCHEME!

-Additional color input enabled to differentiate between bullish and bearish reversals at the users discretion! Default remains single color

-Colors are now inputs with labels in settings

-Organized input menu with new grouping capability with additional descriptions for HA overlay

-Fixed T3 alert to function properly when T3's cross each other

Notas de Lançamento: Re-publish to fix display image because TradingView can't include a preview feature
Notas de Lançamento: Bug fix for HA bar default color
Notas de Lançamento: Tradingview update exposed language variation that caused HA candle overlap. re-wrote to default candles hidden.

Default value for HA candles prior to bar color data (beginning of available data) set to up and down user defined bull/bear color
Script de código aberto

No verdadeiro espírito TradingView, o autor deste script o publicou com código aberto, para que os traders possam compreendê-lo e verificá-lo. Um brinde ao autor! Você pode usá-lo gratuitamente, mas a reutilização deste código em uma publicação é regida pelas Regras da Casa. Você pode favoritá-lo para utilizá-lo em um gráfico.

Quer usar esse script no gráfico?

Comentários

thanks
100 moedas
+5 Resposta
Bjorgum tinkl
@tinkl, Thank you very much! Your contribution is appreciated!
Resposta
Dude this is insane. The way Im doing it now is I wate for arrow indicator then wait for momentum curl to follow for confirmation
+5 Resposta
Bjorgum burnestgeyer
@burnestgeyer, awesome glad it’s of help my man. Try coupling with Bjorgum TSI and Bjorgum RSI for improved results. Can help filter false signals, or give confirmation for a position already executed.
+5 Resposta
I love this feature. I can see complicated charts with confidence. Thank you.
However, the color of this indicator cannot be saved by default.Could you help me?
+2 Resposta
Bjorgum pepsi4
@pepsi4, Makes me happy that it helps you and hope it brings you all of the success. Defaults can absolutely be saved - I just tested it. Set your preference in settings and click save default in the bottom left. I ad to do multiple updates this last week, you might have just had yours overwritten so try again.... DM if you have any more issues
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pepsi4 Bjorgum
@Bjorgum, Thank you for your reply! It was a matter of my environment.
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This looks crisp. Are you plannig of adding alerts for the indicator?
+2 Resposta
Bjorgum BartasA
@BartasA, Happy it is working for you as it is for me! Alerts are enabled. "close crosses t3" will result in an alert when a yellow candle is formed as the closing price of the current bar crosses the average. This is the point of entry/exit. Is there a specific alert you are looking for? DM me and we can chat at length. Cheers!
Resposta
Amazing script. Thank you for sharing. It works perfectly by combining Bjorgum TSI and RSI.
+1 Resposta