Sash Trending Suite

anteontem

Indicator Name: Sash's Suite
Purpose: To analyze market trends and identify potential price reversals.
Objective: To provide traders with a comprehensive tool for analyzing market trends and identifying potential price reversals, enabling informed trading decisions and improved market timing.

How (Process)

• Trend Analysis: Utilizes moving averages (EMAs) and the Average Directional Index (ADX) to assess market strength and direction.
  
• Reversal Detection: Employs the Relative Strength Index (RSI) alongside price movement to identify overbought and oversold conditions for potential reversals.
  
• Micro Trend Signals: Incorporates shorter EMAs to capture rapid market movements and refine entry and exit points.
  

What (Components)

• Macro Trend Parameters: Fast and slow EMA lengths, ADX length, and threshold settings.
  
• Alpha Track Parameters: Adjustable track line intensity.
  
• Reversal Signal Parameters: Minimum reversal percentage, RSI length, and overbought/oversold levels.
  
• Micro Trend Parameters: Shorter EMAs for precise trend tracking.
  
• Calculations:
  

Computes EMAs, ADX, and RSI values. Logic:

• Detects bullish and bearish trends based on EMA relationships and ADX.
  
• Identifies potential reversals using price crossovers and RSI conditions.
  
• Plotting:
  
• Visual indicators for trends, reversals, and local tops/bottoms with color-coded signals.
  

Alerts:

• Notifies users of trend changes, reversals, and significant price points for proactive trading.