™TradeChartist TrendRider is an exceptionally beautiful and a functional indicator that does exactly what it says on the tin. The indicator rides the trend based on Momentum, Volatility, detecting critical zones of Support and Resistance along the way, which helps the indicator find the right trend to ride, plotting Trend Markers and Trade Signals based on only one piece of User input - TrendRider Type (Aggressive, Normal or Laid Back).
™TradeChartist TrendRider dynamically calculates Support and Resistance levels when riding a trend and uses these levels for confirmation on breach or fail (on a candle close), before reversing from the current trend it is riding. The change of trend is signalled using Bᴜʟʟs or Bᴇᴀʀs labels which are plotted upon confirmation of the Trend.
TrendRider plots Bull and Bear Trend Markers on chart, which helps the user get a visual confirmation of the Trend.
TrendRider also plots $ signs to show Take Profit Bars and also paints Trend strength on price bars based on the Color Scheme, if these options are enabled from the indicator settings.
The above features can be clearly seen on the 1 hr chart of GBP-USD below.
Does the indicator include Stop Loss and Take Profit plots?
This script doesn't have Stop Loss and Take Profit plots, but it can be connected to ™TradeChartist Plug and Trade as Oscillatory signal ("TrendRider Signal") to generate Automatic Targets, set StopLoss and Take Profit plots and to create all types of alerts too. The 4hr chart of ICX-BTC below shows TrendRider connected to ™TradeChartist Plug and Trade.
No. This script doesn't repaint as it confirms its signals only after close above/below TrendRider's dynamic level and also uses security function to call higher time-frame values in the right way to avoid repainting. This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay.
Can t wait to use this script.a technical indicator that keeps you in trades when u want to be in them,and out of trades when u don t.
Crytoeye
⋅
Walking ahead of the trend and presenting you info as regards to the next move. Cannot be any better than this. Another great addition to your collection. This script trade info on a regular basis.
DjSanti
⋅
Its an amazing script. My first time using it i made 1,500 going short on an asset using the the trend maker and plug and trade together. i also have been using it on the LTF to scalp. great addition to use with your TA.
This is fantastic trend indicator. I've tested on many assets on low and high time frame. looks really great on Alts on HTF. Anyone could make profit using this trend indicator. Scalping, Swing trading or Position trading. People can use this tool to swing trade and compound there stacks. You are very talented. keep up the great work!
TradeChartist
⋅
@rocketcoin777, Thank you for your kind words. All the best.