Rider Algo #2: Trend Detection

This indicators serves to:

• Easily detect Support and resistances
  
• Detect trend channels
  

Notas de Lançamento:

Updated Channel colors green to red scale.

Notas de Lançamento:

TR Fib perspective rebranding to Trend Rider Algo #2

- Added a New Feature: RSI extremes
- Find TR Fib perspective inside indicator settings
- New indicators will be added on this algo

Notas de Lançamento:

As requested by our members:

- Added colors an opacity options for TR Fib Perspective
- Added alerts to detect when an asset is oversold/ overbought (above/Below RSI limits blue and orange lines(

Notas de Lançamento:

small correction on oversold alert

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Added All time high table and refence. To disable it just go to indicator settings and uncheck Show ATH table.

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Added a new sub indicator: Volume profile.

Waves indicate how much volume was traded at an specific price. horizontal line indicates the highest volume (HVL). When current price is above HVL lines is orange as it acts as support, when price is below HVL line is blue as it acts as resistance.

Notas de Lançamento:

Small update:
Added the option to display rsi overbought and oversold limit lines separately.

Notas de Lançamento:

Removed Trend Strength indicator from TR Algo #1 and added it to Algo #2.

Notas de Lançamento:

-Added our new Trend Divider Band to our Rider Algo #2
- Added alert option for bullish/bearish Divider band crossover

Notas de Lançamento:

A new sub indicator has been added: "Trend Continuation Strategy"

Objective: Signal potential longs and shorts on the same direction of the current trend.

Basically the idea is to catch bounces during a bull trend and rejections during a bear trend.

The key difference with our take profits and bounce signals is that TP and PB usually goes against the trend, so this "Continuation Strategy" is a perfect complement.

Very important:
- Set and stop loss before entering. VERY IMPORTANT for this indicators, do not aim to catch a big trend shift as this signals bounces/rejection only.
- Secure profits early.

Notes about the indicator:
- Red Candle: Pontential Short
- Green Candle: Potential Long
- Pay attention to the first candle that changes color, that is the leading signal, if you miss the entry and a second candle appears with the same color you can enter trade but only if the candle is on a better position versus the leading candle (ejm: for a short if a second candle appears above the leading candle then is a better risk/reward)

Notas de Lançamento:

minor update

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Added a buy/sell signal when there is a RSI line cross.

Use this as reference to start looking for a potential trade.

Notas de Lançamento:

Major update:

----New "Key levels" indicator added.----

Indicator looks for swing and internal pivot points on the chart and draw colored boxes.
light green: Bullish Pivot
green: Strong Bullish Pivot
light red: Bearish Pivot
red: Strong Bearish pivot.

- Bullish Pivot are good areas to start looking for longs.
- Bearish Pivot are good areas to start looking for shorts.

----Divider Band ----
- Reduced default transparency

Notas de Lançamento:

minor update

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Update:
- added color customizacion colors, now you can select a predefined master color or select the 2 principal colors for the chart and all subindicator will change colors.

Notas de Lançamento:

Added a new Red and Green neon theme and the option to change key leves transparency on the indicator settings.

Notas de Lançamento:

Made changes to the ATH table

Now it displays distance to All time high AND percentual distance versus Divider Band lower limit.

Notas de Lançamento:

minor fix to new table

Notas de Lançamento:

Made modifications on the Key Levels subindicator

Now by default it will only show the nearest key levels , if you want the complete key levels just go to the indicator settings.

This change will help to avoid chart shrinking when changing assets.

Notas de Lançamento:

New Features:

Divider Band
- Now changes color when 21WEMA goes over 200dsma.
- Can change both uptrend and downtrend colors on the indicator settings.

Rsi Limit
- Signal now appear closer to price.

Key Levels
- Removed from Algo #2, now available on Algo #1

Notas de Lançamento:

Rider Algo #2: Trend Detection

🎯 Objective:
Engineered to adeptly identify shifts, and ascertain the vitality or decay of prevailing trends

🔔 Included Indicators:

• Bull/Bear Signals
  
• Trend Strength
  
• Trend Hunter
  
• Rider Band
  
• Divider Band
  
• Impulse Colors
  
• Divider Band Crossover Bars
  
• Moving Average Master
  

🔄 Stability Maintained:
While each sub-indicator retains its core functionality, unveiling no direct changes, a meticulous reorganization of the options menu underscores our commitment to delivering a seamlessly navigable user interface.

Notas de Lançamento:

Moving Average Master update.


1) The Moving Average Master now includes another layer, which can be disabled in the indicator options.
2) An option was added so that the Moving Average has transparency in the options, and by default, it is set to 50%.
3) The color scale was reordered.

Notas de Lançamento:

(Massive Update: Trend Detection Indicator)
 

• (BULL-BEAR Labels & Trend Lines Redesigned)
  We have rethought the BULL-BEAR labels and the trend support lines to provide more accurate trend detection.
  
  
• (Introduction of Uptrend and Downtrend Signals)
  The previous BULL and BEAR signals have been replaced with Uptrend and Downtrend signals. These have been recalibrated, so they no longer appear at the same price points as before. Uptrend and Downtrend signals now indicate medium and long-term trend changes.
  
  
• (New BUY and SELL Signals)
  We've added BUY and SELL signals that only appear when they align with the Uptrend and Downtrend signals. This double confluence increases the accuracy of these signals. TIP: Always look for a good entry point after the labels appear.
  
  
• (Volume Alert Added)
  An alert will now appear on the labels if the volume was low when the signal was generated.
  
  
• (Trend Support and Resistance Lines Included)
  The trend support and resistance lines, previously in the "Key Levels" indicator, are now included in this indicator. These lines are dual-purpose: one set follows the Uptrend and Downtrend signals, and the other follows the Buy and Sell signals. When the price is testing these lines, they turn yellow, indicating an excellent moment to seek potential rebounds and rejections with a good risk-reward ratio. It's also an ideal moment to consider an entry if you waited after a BUY or SELL label appeared.
  
  
• (Colored Candles Feature Added)
  Candles are now painted blue if there's been a higher high and red if there's been a lower low. This feature is designed to be used in combination with the yellow trend lines. For example, if a support trend line turns yellow and the candles are blue, the chances of a rebound are significantly higher as the price previously printed a higher high before testing the support.
  
  As a complement, we've added the option to display labels showing the levels of HH, HL, LH, and LL, allowing you to visually evaluate the prices at which these levels appeared. It's recommended to enable these labels when assessing whether to enter a trade, as despite the color coding of candles, some scenarios require a double-check.
  
  
• (Divider Band Removed)
  The "Divider Band" indicator has been removed and will be added to the "Key Levels" indicator in an upcoming update.