My name is Alan and i'm here to share my script based on Tabajara Rule from Brasilian Professor/Trader Andre Machado.
This script shows:
1 Tabajara Color
1 Color Long
1 Color Short
1 Background Colored based in 21
So what Tabajara is?
Tabajara is a Trend Following Trade System.
If the MA is going up, you look for buy oportunitys.
If the MA is going down you only look for sell oportunitys.
And the coloring are based on Tabajara MA, if an buy candle closes above Tabajara MA which is going up, it is painted green acoording Tabajara MA, if Tabajara is going down and the candle closes as a sell candle, this candle is painted red.
To this indicator was added a ma to confirm Tabajara Candle Rule, if the is over the 21 ma the condition is ok.
Well my english isn't good as all you can see.
But my intentions are.
I use the trade system to operate market and USD/ BRL and works very well at 1 minute time frame.
I hope you enjoy and make money.
If you have any question you are free to ask me and share your experience.
Remember to follow all instructions. This script only helps to see the trend and . We only recieve 2 information from Stock Exchange, price and , they need to be used together, confirms trend, and all basic rules to be a sucessfull trader.
Thank you all.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
Dgb = ma1>ma1
Drb = ma1<ma1
bgcolor(Dgb ? green : na)
bgcolor(Drb ? red : na)
Its not a crossover, in this specific case I used the direction of the moving average, if ma is going up the background turns green if is going down turns red.