FnM_Capital

Trend Sniper

This is a leading indicator showing wave reversal points.

By drawing trendlines on this indicator you can quickly see a break of the trendline before the break on a price chart trendline.


Manually draw trendlines on the indicator to form an uptrend or downtrend.
A break down of the upward trendline gives a sell signal.
A break up of the downward trendline gives a buy signal.

Also included an extra timeframe (Blue Line) to give a bigger perspective from different timeframes. You can choose your own different timeframe that can be lower or higher than your current price chart timeframe.


For example: Place your chart on 1H and draw your trendlines on the indicator. Set the extra timeframe to 4H of 1D to see the overall trend and motion.

By using this indicator the way we suggest, you will be able to get good trend continuation signals
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기

코멘트

I truly appreciate this! Cannot wait to integrate this with my charts. This is a trendline but the best part is that it draws it automatically :)
Thank you for this interesting work :D
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FnM_Capital aldrinjeth
@aldrinjeth, You need to draw the lines on the indicator by hand. Not automated. I will see in the next versions to implement auto lines
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I'm not seeing trend lines at all and instead just a blue line?
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FRXMACHNE carguychase
@carguychase, you need to draw trend lines man. It is not scripted.
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repainting
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FnM_Capital CarlORourke
@CarlORourke, It will not repaint a closed candle. Learn to use it before bashing FREE indicators. I see you have a reputation for doing this. Take the script and do your own contribution by improving on it.
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CarlORourke FnM_Capital
@FnM_Capital, thanks for the reply. Using a 15min chart on a 4 hour will repaint unless we wait for the 4 HOUR candle to close, is that correct? 15min TF on a 15min setting, we would wait for the 15min candle to close? just to clarify..
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FnM_Capital CarlORourke
@CarlORourke, The candles are printing the current chart timeframe, so wait for the current timeframe candle close. The blue line is not to be used for entries, this is the extra timeframe indicator to give you a broader perspective of the market movement. For instance, the 1Min traders get wiped out with a spike when a 1Hour chart starts moving. Study the term "Fractals" for more info on this. This blue line is to give you an indication of what the other timeframe is up to. If you are trying to enter on any timeframe while the candle is still printing, you are entering way to early and this will result in false signals. You can still enter 2 - 3 candles after the breakout and still get a good entry
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CarlORourke FnM_Capital
@FnM_Capital, got it, thanks mate.
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CarlORourke FnM_Capital
@FnM_Capital, didn't mean to bash..
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