SD Trend with Signals

1월 29일

SD Trend Indicator
The SD Trend Indicator is a trend-following tool designed to help traders identify potential buy and sell signals based on a combination of technical indicators: MACD, RSI, and Stochastic Oscillator. It visually enhances price action by color-coding candles and plotting signals when a trend shift occurs.

How It Works:
MACD (12, 26, 9): Measures momentum and trend direction.
RSI (7): Identifies overbought and oversold conditions.
Stochastic Oscillator (14, 3, 3): Confirms trend strength and reversals.
Candle Color Coding:
Green → Bullish (Buy Condition)
Red → Bearish (Sell Condition)
Black → Neutral (No Trade)

Signal Generation:
A Buy Signal (B) is plotted below the first green candle after a neutral (black) phase.
A Sell Signal (S) is plotted above the first red candle after a neutral (black) phase.
This helps traders capture early trend reversals with clear visual confirmation.

Key Features:
✔️ Trend Confirmation using three proven indicators.
✔️ Clear Candle Coloring for easy trend visualization.
✔️ Buy/Sell Labels (B/S) for quick decision-making.
✔️ Works on any timeframe and asset class (stocks, forex, crypto, etc.).

This indicator is ideal for traders looking to follow trends, identify potential reversals, and improve entry/exit timing with a systematic approach

7월 3일

릴리즈 노트

SD Trend Indicator
The SD Trend Indicator is a trend-following tool designed to help traders identify potential buy and sell signals based on a combination of technical indicators: MACD, RSI, and Stochastic Oscillator. It visually enhances price action by color-coding candles and plotting signals when a trend shift occurs.

How It Works:
MACD (12, 26, 9): Measures momentum and trend direction.
RSI (7): Identifies overbought and oversold conditions.
Stochastic Oscillator (14, 3, 3): Confirms trend strength and reversals.
Candle Color Coding:
Green → Bullish (Buy Condition)
Red → Bearish (Sell Condition)
Black → Neutral (No Trade)

Signal Generation:
A Buy Signal (B) is plotted below the first green candle after a neutral (black) phase.
A Sell Signal (S) is plotted above the first red candle after a neutral (black) phase.
This helps traders capture early trend reversals with clear visual confirmation.

Key Features:
✔️ Trend Confirmation using three proven indicators.
✔️ Clear Candle Coloring for easy trend visualization.
✔️ Buy/Sell Labels (B/S) for quick decision-making.
✔️ Works on any timeframe and asset class (stocks, forex, crypto, etc.).

This indicator is ideal for traders looking to follow trends, identify potential reversals, and improve entry/exit timing with a systematic approach

***UPDATE***
- updated to pine script version 6.0
- new alarm function to set alarms every time a new green candle is plotted!