Triple Cross UO

Sensitivity to a price change:
Black UO > Green UO > Red UO
How to reach a chart using UO_3X indicator:

A trend can be considered as stable if Green UO crosses and stays above Red UO. Visually it will look like a green cloud.
During uptrend there is a tendency of Black UO to fluctuate above Green OU and especially above Red UO. Coloring it yellow.
First reversal signal of the uptrend would be if Black UO touches or crosses above Red Band.
Second reversal signal is when Black UO falls below Green UO.
As a result of second reversal signal, Green UO also declines and eventually crosses below Red UO which is the confirmation of upcoming general downtrend, coloring it red.
During a downtrend Black and Green UOs fluctuate below RED UO.
Once black UO crosses below Green Band, coloring it blue, the first signal of upcoming reversal of downtrend is established.
Second signal of reversal of downtrend would be is when Black UO crosses above Green and RED UOs.
Confirmation of uptrend would be if Green UO goes above Red UO coloring it Green.

Notas de Lançamento

Responsiveness increased.

Notas de Lançamento

Updated.

Notas de Lançamento

Added visuals

Notas de Lançamento

Updated to V5

Notas de Lançamento

Overbought and oversold levels are dynamic now.

Notas de Lançamento

Triple Cross UO arguments adjusted to most TimeFrames of all Financial Markets.

Script de código aberto

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

fract

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ᴀʟʟ ᴄᴏɴᴛᴇɴᴛ ᴘʀᴏᴠɪᴅᴇᴅ ʙʏ ꜰʀᴀᴄᴛʟᴀʙ ɪꜱ ɪɴᴛᴇɴᴅᴇᴅ ꜰᴏʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴᴀʟ ᴀɴᴅ ᴇᴅᴜᴄᴀᴛɪᴏɴᴀʟ ᴘᴜʀᴘᴏꜱᴇꜱ ᴏɴʟʏ.

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Script de código aberto

For quick access on a chart, add this script to your favorites — learn more here.

fract