The Black Hawk Trend indicator uses data from sources (such as EMAs, RSI, Stochs) to derive a trend direction. This indicator contains a pivot line that turns green when there is a buy position (lower bar) and it turns red when there is an active sell position (upper bar).
When there is a buy/sell signal, this does not mean buy immediately at this point, but rather look for a potential entry.
This indicator has the ability to treat buy and sells separately (Default: 2 account method) or it can use them in tandem (1 account method).
There is a toggle in the settings to modify the code for Bitcoin vs Forex (& Stocks).
When there is a strong trend, a red/green “+” sign shows up; this typically means take caution when trying to take a position countertrend.
There are also red/green triangles that signify a potential area to add to a position.
#Disclaimer: 1. I am not a financial advisor. 2. I do not guarantee this script will provide consistent profits or that anyone can make money with it.
Use the link below to obtain access to this indicator.