ETS Trend Early Cross Arrows
This indicator is an updated version and alternative to the ETS Trending Arrows indicator that contains the results of years of trial and error to create an indicator aiming to mimic market entry points that a professional trader would take.
It has arrows to clearly show potential market entry points, and suggested stop-loss levels. This particular updated version of the Trending Arrows indicator responds faster to market direction changes, even before the main trend starts to change.
To use this indicator in the best way, with the best entry point, wait for the market to return close to, or touch, one of the moving averages. The larger the moving average, the better, and then enter in the direction indicated by the arrow. The arrow will not repaint once the bar closes, so use the initial arrow's appearance to prepare yourself to enter a trade, and then wait for your perfect entry that is close to a moving average or support/resistance level.
What Makes It So Powerful?
- Give you a signal as early as possible and does not "repaint" once the bar completes
- Reacts to fast market direction changes like a master trader
- Is super easy to understand and implement in your trading
- Can be used for Forex, Stocks and Crypto
- Works on all timeframes
How To Use The ETS Trend Early Cross Arrows (ETS TrendEX Arrows) Indicator
1. Add the indicator to any chart you wish to trade, Crypto, Forex or Stocks and set it to the timeframe you prefer. For instance, I use it on 1 minute and 5 minute charts for daytrading Stocks. For Forex I generally use a 15 minute chart, and longer timeframes for Crypto.
2. Open the Settings. Generally you should not need to change anything:
2.1. "Show 20, 50, 200 Moving Averages" - This is just a convenience, and is provided to help you identify where the market is trading in relation to the trend.
2.2. "Show Small Expo Moving Average" - Also provided for convenience, and goes with "SMAX" - Simple Moving Average - and the "EMAX" - Exponential Moving Average settings
2.3. "Show Potential Reversal Points" - You will notice small X indicators that appear when it's detected that the market might soon be reversing or at least halting and going sideways. A small red X at the bottom of a candle indicates that the market might not be moving further down much, warning you against taking a short position. While a small green X above a candle indicates that the market may be exhausted and soon reverse or at least stall. When the market eventually goes past the highs and lows indicated by these levels, the market often continues on its previous trend.
2.4. "Delength" - The length setting for the DeMarker indicator that's used internally.
2.5. "KC Length" - the Keltner Channel length setting.
2.6. "KC Multiplier" - the Keltner Channel multiplier setting.
2.7. "KC Source" - the Keltner Channel source setting.
2.8. "KC Exponential" - the Keltner Channel exponential or simple setting.
3. Now that you've set things up, all you need to do is to wait for a signal. Pay attention to where the market currently is in relation to the closest moving average, like the 10 SMA or 12 EMA . Keep in mind that price will often signal a new move, but then first move back to the average, before continuing in the new direction identified by the trading arrow.
4. Larger arrows are signals that go with the shorter term trend, and smaller arrows indicate a potential change in the market direction that is not yet in line with the shorter term trend. Typically it should be best to enter using the larger arrows, and be cautious, or exit a trade, that is counter to the smaller arrows.
5. These signals are intended to identify new trending moves, and for that reason, if the market moves against the signal, you should not hold on to your position hoping that it will turn in your favor.
6. When the market is moving in your favor, resist the urge to exit quickly, and use the smaller moving averages or support/resistance levels to exit your trades.
This is an "invite only" script, which means that you will need to let me know that you're interested in it before you can get access to it. This is a paid script, please follow the link in my profile to get the details or ask me directly. It may take up to 48 hours for me to respond, but I do my best to respond as quickly as possible. You will get 7 days to test it for yourself on all your charts with no restrictions.
It has arrows to clearly show potential market entry points, and suggested stop-loss levels. This particular updated version of the Trending Arrows indicator responds faster to market direction changes, even before the main trend starts to change.
To use this indicator in the best way, with the best entry point, wait for the market to return close to, or touch, one of the moving averages. The larger the moving average, the better, and then enter in the direction indicated by the arrow. The arrow will not repaint once the bar closes, so use the initial arrow's appearance to prepare yourself to enter a trade, and then wait for your perfect entry that is close to a moving average or support/resistance level.
What Makes It So Powerful?
- Give you a signal as early as possible and does not "repaint" once the bar completes
- Reacts to fast market direction changes like a master trader
- Is super easy to understand and implement in your trading
- Can be used for Forex, Stocks and Crypto
- Works on all timeframes
How To Use The ETS Trend Early Cross Arrows (ETS TrendEX Arrows) Indicator
1. Add the indicator to any chart you wish to trade, Crypto, Forex or Stocks and set it to the timeframe you prefer. For instance, I use it on 1 minute and 5 minute charts for daytrading Stocks. For Forex I generally use a 15 minute chart, and longer timeframes for Crypto.
2. Open the Settings. Generally you should not need to change anything:
2.1. "Show 20, 50, 200 Moving Averages" - This is just a convenience, and is provided to help you identify where the market is trading in relation to the trend.
2.2. "Show Small Expo Moving Average" - Also provided for convenience, and goes with "SMAX" - Simple Moving Average - and the "EMAX" - Exponential Moving Average settings
2.3. "Show Potential Reversal Points" - You will notice small X indicators that appear when it's detected that the market might soon be reversing or at least halting and going sideways. A small red X at the bottom of a candle indicates that the market might not be moving further down much, warning you against taking a short position. While a small green X above a candle indicates that the market may be exhausted and soon reverse or at least stall. When the market eventually goes past the highs and lows indicated by these levels, the market often continues on its previous trend.
2.4. "Delength" - The length setting for the DeMarker indicator that's used internally.
2.5. "KC Length" - the Keltner Channel length setting.
2.6. "KC Multiplier" - the Keltner Channel multiplier setting.
2.7. "KC Source" - the Keltner Channel source setting.
2.8. "KC Exponential" - the Keltner Channel exponential or simple setting.
3. Now that you've set things up, all you need to do is to wait for a signal. Pay attention to where the market currently is in relation to the closest moving average, like the 10 SMA or 12 EMA . Keep in mind that price will often signal a new move, but then first move back to the average, before continuing in the new direction identified by the trading arrow.
4. Larger arrows are signals that go with the shorter term trend, and smaller arrows indicate a potential change in the market direction that is not yet in line with the shorter term trend. Typically it should be best to enter using the larger arrows, and be cautious, or exit a trade, that is counter to the smaller arrows.
5. These signals are intended to identify new trending moves, and for that reason, if the market moves against the signal, you should not hold on to your position hoping that it will turn in your favor.
6. When the market is moving in your favor, resist the urge to exit quickly, and use the smaller moving averages or support/resistance levels to exit your trades.
This is an "invite only" script, which means that you will need to let me know that you're interested in it before you can get access to it. This is a paid script, please follow the link in my profile to get the details or ask me directly. It may take up to 48 hours for me to respond, but I do my best to respond as quickly as possible. You will get 7 days to test it for yourself on all your charts with no restrictions.
릴리즈 노트:
This version has the option of using a Volume filter to determine the best entry positions, as well as the option to disable the showing of Stoploss and potential reversal levels and it also has Alert options for potential Exit points. All of these are accessible through the Settings. If you have any questions, please reach out to me and I'll help you.
Doing what I can to help people trade better. Past performance doesn't guarantee future results. Trade at your own risk. This is not financial advice, it is personal opinion, I'm not a financial adviser. I may have a stake in what I write about.