Trend shift Candles (Expo)

27 thg 6, 2020

Trend shift Candles (Expo) identifies where the market characteristics change. Trend shifts often occur in these areas. This is visualized with white candlesticks and Zones.

-> When the market enters a positive trend the candlesticks become green and when the market enters a negative trend the candlesticks become red.

-> The user can choose which timeframe to use. Vwap can be enabled as an input source instead of using price.

-> Please play around with the settings, I haven't set them to any specific values.


HOW TO USE

1. Use the indicator to identify the direction of the trend.
2. Use the indicator to identify trend changes.

-> Visual Order should be set to "Bring to Front" in order to see the color of the candles.



INDICATOR IN ACTION

4 hour chart




The indicator work on Heikin Ashi, Candles, Bars, Renko, Line Break, Kagi, and Point & Figure chart.


I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!



ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes

27 thg 6, 2020

Phát hành các Ghi chú

Minor bug fixes and improvements

27 thg 6, 2020

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Minor bug fixes and improvements

6 thg 7, 2020

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Minor Update

13 thg 8, 2020

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Minor Update

Best

12 thg 8, 2021

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Improvements!

• Performance Improvements
  
• Improved accuracy
  
• Enhanced candle coloring
  
• Tooltips Added
  

18 thg 6, 2024

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Major Performance Improvements!

• New Enhanced Trend shift calculations
  
• Design changes