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GoombX v1.1 - A trend catcher

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This is an MA and stoch RSI based indicator which looks for particular crosses to identify strong trends.

It produces clear signals for:

- LONG ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- LONG EXIT when certain stoch RSI conditions are met
- LONG STOP when price moves x% below entry (default 10%)

- SHORT ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- SHORT EXIT when certain stoch RSI conditions are met
- SHORT STOP when price moves x% above entry (default 10%)


In testing it it performed best on daily chart with a 14 days Lookback window and 10% stop loss


NOTE that a signal is only definitive once the trigger candle has closed



To setup an alert with GoombX, follow these steps:

- Set up GoombX on your chart with the desired parameters and Time Frame
- Click on alerts in the right side of the screen and then Add (+)
- Under Conditions, choose the alert you are looking for (LONG ENTRY, LONG STOP,....)
- Under Options, choose "Once per bar close"
- Create
릴리즈 노트
Update 1.3:
- Changed the STOP print as a signal for a move the other way
- Tidied up the alerts (only 3 to set up now instead of 6: BUY, SELL, EXIT)

Net effect: more entry opportinities
릴리즈 노트
Bug Fix:
- 0% SL now working as expected in all cases

Update:
- New Alerts prints ticker, exchange and price automatically
- Added 0.5% steps for SL
Moving AveragesOscillatorsSimple Moving Average (SMA)Stochastic RSI (STOCH RSI)Trend Analysis

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TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

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