Dynamic Trend Channels by QTECHtrading

26 thg 7, 2022

Systematic. Unemotional. Successful.
Dynamic Trend Channels is a technical indicator revealing the price action color bar, location, and trend sentiment the three main factors to trade successfully.

Dynamic Trend Channels is a technical indicator that using least square fitting to calculate The upper and lower channel lines contain between themselves 95% of all prices the Pearson R within 0.5~0.95

- When the TREND is bullish and the indicator is upward sloping.

- When the TREND is bearish and the indicator is downward sloping.

- When prices break outside of the channels current TREND end, new TREND automatically display.

Buy Signal

Slope upward a continuation of the trend, and the price falls below the lower channel line, this should be considered a buy signal.

Sell Signal

Slope downward a continuation of the trend, and the price rises above the upper channel line, this should be considered a sell signal.

You can wait for confirmation by waiting for the price to move to close back inside the Dynamic Trend Channel most often method DTC trend or scalping with opposite trade apply DTC break strategy.

Simply put, Dynamic Trend Channels is pattern recognition by pine script that employs advanced math and physics to identify TREND in the market. TREND is your friend.

27 thg 7, 2022

Phát hành các Ghi chú

correction reference

28 thg 7, 2022

Phát hành các Ghi chú

Updated the method matching my other scripts. using drawing line to identify the recent impulsive movement.

22 thg 1, 2023

Phát hành các Ghi chú

update the Dynamic Trend Channels

28 thg 3, 2024

Phát hành các Ghi chú

update March 28, 2024

29 thg 3, 2024

Phát hành các Ghi chú

expand lower time frame limitation