PROTECTED SOURCE SCRIPT

DG Trendicator

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Basically:

GREEN ARROW UP = "maybe you want to test buy?"
GREEN ARROW = "get yo ass in here"
RED ARROW DOWN = "you might want to sell"
RED FLAG = "GTFO!"

Note: since this is trend based, it's obviously tough to use in a ranging market.

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Made my first indicator on tradingview!

Basically:

GREEN ARROW UP = "maybe you want to test buy?"
GREEN FLAG = "LFG!"
RED ARROW DOWN = "you might want to sell"
RED FLAG = "GTFO!"

I also added option to add 2 ema lines for trend following ema 34 and the ever realiable ema 200.

Unclicking the EMA option automatically turns the lines to MA

For lower time frames, this works best in 10 minutes.

Notas de Lançamento

Introduction:
The "Enhanced DG Trendicator" is a custom TradingView indicator designed to aid traders in identifying potential buy and sell opportunities in the stock market. It utilizes a combination of Exponential Moving Averages (EMAs), Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and volume data.

Features:
EMA Crosses: Uses two user-defined EMAs to generate basic trend signals.
RSI Filter: Incorporates the RSI to avoid overbought or oversold conditions.
MACD Trend Confirmation: Utilizes the MACD to confirm the trend direction indicated by EMA crosses.
Volume Filter: Employs volume data to validate the strength of the trend signals.
Setting Up the Indicator:
Add to Chart: Open your TradingView chart, click on ‘Indicators,’ and search for "Enhanced DG Trendicator." Add it to your chart.
Adjust Settings: You can modify the lengths of the EMAs, the RSI period, and overbought/oversold levels, as well as the thickness and color of the EMA lines.

Understanding the Signals:
Green Triangle Below the Bar: Indicates a potential buy opportunity. This signal occurs when the shorter EMA crosses above the longer EMA, the RSI is below the overbought level, the volume is above its 20-period average, and the MACD line is above the signal line.
Red Triangle Above the Bar: Indicates a potential sell opportunity. This signal is given when the shorter EMA crosses below the longer EMA, the RSI is above the oversold level, the volume is above its 20-period average, and the MACD line is below the signal line.

Important Notes:
Risk Management: Always use proper risk management techniques. This indicator is not a standalone trading system but a tool to assist in decision-making.
Backtesting: Before using the indicator for live trading, backtest it on historical data to understand its performance in different market conditions.
No Guarantees: There is no guarantee of profits, as all trading involves risks.

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Bugs

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Added MA's

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Added 4 selectable (ema/ma) lines.

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Added VWAP

Script protegido

Este script é publicado como de código fechado e você pode usá-lo livremente. Você pode favoritá-lo para utilizá-lo em um gráfico. Você não pode visualizar ou modificar seu código fonte.

Quer usar esse script no gráfico?

cdguzman

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