Trend Meter

19 thg 11, 2019

Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.

When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way

The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend

As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very Powerful however please use with caution

How to Use

The more Trend meters are lit up the better

Look for Support or Resistance Levels for price to be attracted to

Find confluence with other indicators

Enter Long above the Setup Bar

Enter Short Below the Setup Bar

21 thg 11, 2019

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Adjusted;

Filter X parameters

Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)

25 thg 11, 2019

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Updated Alerts - You can see and set them properly now

26 thg 11, 2019

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Fixed issue with Alerts

28 thg 12, 2019

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Ability to change dot size

Background Highlight when all 3 conditions are met

Adjusted Alerts

24 thg 10, 2020

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Major Update

Added;

Trend Meters - Fast MACD and RSI Signal Line Cross and RSI 13 Above or Below 50
A Second Trend Bar - Trend Bars Show MA Cross or MA direction
Lots of Alerts

All in All a much more accurate Trend Meter to confirm your trades

3 thg 11, 2020

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Removed Stochastic Momentum Setups and Replaced them with Wave Trend Signals

20 thg 11, 2020

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Fixed Signals - Enjoy but please Back Test

21 thg 11, 2020

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Added Alert for "Any Setup" - Combines Wave Trend Setups, 3 conditions met Setups and 5 ? 11 ema crosses

This Alert is very powerful
However please remember to Long or Short only after the Setup Bar is Closed
and to have a very tight stop loss,
Stop Loss at Bottom of Setup Bar for Longs and Top of Setup Bar for Shorts.
If Price hasn't gone your way after a couple of Bars then cancel your order and wait for a new setup

27 thg 11, 2020

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As Per Request Added

Alerts for Rapid Color Change for 3 trend meters

26 thg 3, 2022

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Long Awaited Update

Removed a lot of non essential alerts

Added Alerts for when Trend Meters line up with Trend Bars - This has been a long standing request by the community

28 thg 3, 2022

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Fixed a fault with the Alerts

16 thg 4, 2022

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Updated Menu & Alerts

28 thg 6, 2022

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Finally the Alerts that Everyone has been asking for!

3 Trend Meters No Longer Align - Possible exit / take profit signal

Wave Trend Signal when the 3 Trend Meters Align

28 thg 12, 2022

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Added Indication for Positive or Negative Pressure based on RSI and Wave Trend

28 thg 12, 2022

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Adjusted position of Pos/Neg Strength Dots

1 thg 2, 2023

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Updated the Look and Function of the Trend Meter and the Menu

19 thg 3, 2023

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Updated Chart

19 thg 3, 2023

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Updated Chart