Trend Pivot - Raahul Khurana

This indictor is based on a 3 candle rule, which helps detect the trend change. It decides the the change of trend by comparing with last 2 candles.

1) Bull case- High of the current candle is greater than the previous candle + the low of the current candle is greater than previous candle and close of current candle is greater than high of previous candle.

2) Bear Case- High of the previous candle is greater than the current candle + the low of the previous candle is greater than current candle and close of the previous candle is greater than high of the current candle. Denote this by a beginning of bear trend.

Notas de Lançamento

This indictor is based on a 3 candle rule, which helps detect the trend change. It decides the the change of trend by comparing with the last 2 candles.

1) Bull case- High of the current candle is greater than the previous candle + the low of the current candle is greater than previous candle and close of current candle is greater than high of previous candle.

2) Bear Case- High of the previous candle is greater than the current candle + the low of the previous candle is greater than current candle and close of the previous candle is greater than high of the current candle. Denote this by a beginning of bear trend.

The bull or Bear symbol will appear 5 minutes before the market closes in timeframes >= 1 day however for lower timeframes, it will appear after the close of the candle.

Happy Investing/Trading :-)

Notas de Lançamento

In this release, I have added RSI values below every bar.

Logic:-

1) RSI Value >=50 will be represented in Teal colour
2) RSI Value <50 will be represented in Red colour

Use the combination of bull/bear signal with RSI to trade for more accuracy.

Notas de Lançamento

Minor Change- Change of the indicator name to the previous one.

Notas de Lançamento

Updated name to 'Trend Pivot- Bull or Bear'. Use the setup as per screen to maximize your profits.

Notas de Lançamento

In this release, I have added a small table to show ADX, DI+ & DI- Values. I hope you find it useful

Notas de Lançamento

In this version, I have added an option to define EMA value and plot it on the chart. This is very good for the intraday setups.

1) ATR setup for volatility.
2) Bull/Bear signal for immediate trend change
3) EMA 63 for a trend analysis.

Notas de Lançamento

Another update, back 2 back. Please refer:-

I have also added Donchain Channel and super trend in the same indicator for playing the mean reversion startegy.

Enjoy & Happy Trading!

Notas de Lançamento

Hi Guys,

In this version, I have updated the code to show and include gaps(UP & Down). Gaps are very important and act as a resistance/support. For a better view limit number of gaps to under 7 and bars look-up to 100.

Notas de Lançamento

In this version, I have added support for defining three more types of EMA.

Script protegido

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

raahulkhurana

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Script protegido

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

raahulkhurana