The "Sash Trending Suite" (STS) indicator simplifies trading by highlighting market trends and potential reversals. In a world of complex charts and overwhelming data, STS helps traders quickly understand market direction and make informed decisions.
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How and What
STS combines key technical tools into one easy-to-read indicator, directly showing important signals on the chart:
Macro Trend DetectionHow: Uses two EMAs (fast and slow) and the ADX to identify strong bullish or bearish trends. What to Look For: Bar Colors: Green Bars: Indicate a strong upward (bullish) trend. Red Bars: Indicate a strong downward (bearish) trend. Benefit: Quickly see the overall market direction.
Alpha Track LineHow: An adaptive EMA that acts as a dynamic support or resistance line. What to Look For: Line Colors: Green Line: Price is above the line (bullish momentum). Red Line: Price is below the line (bearish momentum). Benefit: Visualize momentum shifts easily.
Reversal SignalsHow: Combines RSI with price action to spot potential market reversals. What to Look For: "R" Labels: Turquoise "R" Below Bar: Potential bullish reversal. Amber "R" Above Bar: Potential bearish reversal. Benefit: Identify possible turning points for entry or exit.
Micro Trend DetectionHow: Uses shorter EMAs to catch minor trend changes. What to Look For: Small Circles: Green Circle Below Bar: Micro bullish signal. Red Circle Above Bar: Micro bearish signal. Benefit: Spot short-term trend shifts promptly.
Alerts
How: Built-in alerts notify you of key events.
What to Expect:
Trend Changes: Alerts when a new bullish or bearish trend starts.
Reversals: Alerts for potential bullish or bearish reversals.
Benefit: Stay updated without constantly watching the chart.
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Summary
The "Sash Trending Suite" provides:
Simplified Analysis: One indicator shows trend direction, momentum, reversals, and micro trends.
Clear Visuals: Color-coded bars and symbols make interpretation easy.
Timely Alerts: Know about important market changes instantly.
By focusing on essential signals and displaying them clearly, STS helps traders navigate the market with confidence and simplicity.
진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.