This is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell.
This was a custom request so if you would like more then just send me a message!
@cheatcountry - Thanks for this. Couple of questions for you if you don't mind answering -
1) While green means bullish and red means bearish, how does one read into the conical lines being formed in between? Sometimes they become conical or sometimes a spike upside or downside and the line becomes flatter 2) Would you consider this as a leading or lagging indicator? 3) For scalping its an excellent indicator but sometimes the trend lasts for only 30 secs to 1 or 2 mins. Is there a way looking at the indicator forming a particular line shape, to know what could be the possible move in next 15 mins to 30 mins?
Hamilton_Gilpin
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Slow down with all these scripts man, i dont have time to test them all lol
cheatcountry
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@BitcoinBeats, haha I got put into quarantine so I have too much time on my hands
1) While green means bullish and red means bearish, how does one read into the conical lines being formed in between? Sometimes they become conical or sometimes a spike upside or downside and the line becomes flatter
2) Would you consider this as a leading or lagging indicator?
3) For scalping its an excellent indicator but sometimes the trend lasts for only 30 secs to 1 or 2 mins. Is there a way looking at the indicator forming a particular line shape, to know what could be the possible move in next 15 mins to 30 mins?