TradingView
swenlink
3 Th06 2018 09:28

120/60 Trend Model 

Bitcoin / DollarBitfinex

Mô tả

Combination of 120 & 60 EMAs used to determine entries as well as the over all trend.

Phát hành các Ghi chú

Trend Model now automatically adjusts to multiple timeframes:
1H, 2H, 3H, 4H, 6H, 8H, 12H, 1D

Phát hành các Ghi chú

Removed the lines. It's the cloud only now. Less visually irritating.

Phát hành các Ghi chú

.

Phát hành các Ghi chú

Code clean up. Props to VelociCryptor
Bình luận
swenlink
Coded my first indicator yesterday that has quite reliably been determining the over all trend as well as low risk entries within an trend. It's a combination of 60 & 120 EMA, mainly used on the 4H chart, which represent the 10 D & 20 D EMA. Once price closes below both EMAs trend is an early bearish signal, while the EMAs flipping to red is later but more reliable bearish signal. For bullish trend it is the same thing just the opposite. Once the "cloud" switches red trend is bearish while once it switches green it's bullish. As you can see during each of the bearish trends (Mid January - February & March) each time price reached the 60 EMA or 120 EMA or the area in between those EMA the trend switched bearish again (see white circles). Published the indicator on Tradingview so you can use or play around with it:
RajMore
@swenlink, great job. Looking pretty good
Jay_c
What have you named the indicator. ?
bethek
ty Pablo, Much respect
corktrader
Thanks. Great work
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