Trend analysis - Take Profit (Expo)

2020년 1월 15일

Trend analysis - Take Profit (Expo)


DESCRIPTION

Trend analysis - Take Profit (Expo) indicator is developed to visualize ‘Lock In Profits -points' in trends. It’s a necessity for a professional trader to continuously ‘Lock In Profit’ in order to grow their balance and to reduce their risk. In fact, research shows that exits have more impact on the results than any other factor (Tharp, 2006). So when the indicator shows a ‘TP’ - point, start to lock in some of your profit and continuously do so on every TP - point and exit the trade when a circle is shown.

The indicator does also visualizes the current trend by the color of the cloud. Green color = positive trend. Red color = negative trend.

The professional trader will have the possibility to adjust the sensitivity of the TP - point as well as the length of the trend calculation.

HOW TO USE

1. Use this indicator to identify when to Lock In Profits in trends.
2. Use the indicator to identify trends.
3. Use the indicator to identify a trend shift.


INDICATOR IN ACTION

BTCUSD


BTCUSD


EURUSD


BRENT


EURGBP



The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.



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 continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have 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 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!

2020년 8월 6일

릴리즈 노트

Major Improvements!

• Improved calculations for better accuracy.
  

Best

2020년 10월 2일

릴리즈 노트

Major Improvements!

• Display short or long-term trend shifts!
  
• Alerts added!
  

2020년 12월 4일

릴리즈 노트

Improvements!

• Trend Alerts added!
  

2021년 10월 5일

릴리즈 노트

Improvements!

• Performance Improvements
  
• Tooltips Added
  
• Alerts Added
  

2023년 11월 9일

릴리즈 노트

• Performance Improvements
  

4월 25일

릴리즈 노트

• Performance Improvements
  
• New calculation to visualize the trend
  
• Trend pullback added