PROTECTED SOURCE SCRIPT

[KINGS TREND STRATEGY]

56
[KINGS TREND STRATEGY] – Kings Trend + Heikin Ashi Dynamic Tool

Category: Trend-Following / Swing Trading
Timeframes: Works on all timeframes (Intraday to Swing)
Markets: Stocks, Futures, Crypto, Forex

What is this Indicator?

[KINGS TREND STRATEGY] is a trend-following indicator that combines the Half Trend algorithm with optional Heikin Ashi smoothing.

It clearly shows the direction of the trend (Uptrend / Downtrend).

It highlights Buy and Sell signals at high-probability zones.

Optionally, you can color-code the candles based on trend direction.

Key Features

Half Trend Algorithm:

Removes price noise to clearly display the direction of the trend.

Amplitude (sensitivity) can be adjusted manually.

Heikin Ashi Mode (Optional):

Uses Heikin Ashi candles to smooth trend calculations.

Displays Trend Strength (%) to gauge how strong or weak the trend is.

Auto Buy / Sell Signals:

Up (▲) and Down (▼) arrows are plotted whenever a trend reversal occurs.

Signal colors:

#17DFAD (Aqua Green) → Uptrend Signal

#DD326B (Magenta Red) → Downtrend Signal

Dynamic Candle Coloring:

Candles can be colored automatically according to the trend.

In an uptrend, candles appear greenish; in a downtrend, reddish.

On-Chart Dashboard:

Ticker, Timeframe, and Trend Info are displayed live on the chart.

In Heikin Ashi mode, Trend Strength % is also shown.

How to Use

Add to Chart → Select Timeframe → Adjust “Amplitude”:

Low amplitude → more frequent signals (scalping).

High amplitude → fewer but more reliable signals (swing trading).

Watch Buy/Sell Arrows:

▲ Up Arrow: Indicates potential long entry (trend reversal up).

▼ Down Arrow: Indicates potential short entry (trend reversal down).

Optional Enhancements:

Enable trend candles for a cleaner chart view.

Enable Heikin Ashi mode for smoother signals.

Best Practices

Confirm signals using support/resistance levels, volume indicators, or momentum oscillators (RSI / MACD).

Higher timeframes (1H / 4H / 1D) tend to produce more reliable results.

Do not trade solely based on this indicator — risk management is essential.

Disclaimer

This indicator is for educational purposes only.

Past performance does not guarantee future results.

Always use stop-loss and proper risk control when trading.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.