This indicator will help you to have an objective analysis of the trend.
Let's start .....
In this indicator Bears and Bulls go their separate ways.
-The Bull line ( green) always goes above zero.
-The Bear line ( red) always goes below zero.
With a quick glance, you will know who is winning.
There are two zones of tendency force:
- Above 2 for bulls: when the Bull line crosses its + 2 level upwards, an uptrend begins to have strength.
- Below 2 for bears: when the Bear line crosses its -2 level down, a downward trend begins to gain strength.
- When a histrogram bar appears the trend is confirmed.
When a positive histogram appears, it indicates that the Bull line is above its + level and the Bear line is above its level -.
When it is a negative histogram that appears, it indicates that the Bear line is below its level - and the Bull line is below its + level.
The (in black) is the difference between the Bull line and the Bear line.
Its crosses above / below zero serve us to track the trend, as well as turning points where we could put a stop loss .
This indicator generates multiple signals as position management, I leave it to fall in love with it and find all that.
Thanks to Jose Callao for this great idea.
진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.
THANK YOU SO MUCH...
I spent the last couple of days on my Demo Account traded 72 FLIPS from a Dominant Trend to the Other Extremity. DAMN! 65/72 wins :D
I don't know if i was on drugs or something when i did these but i got really lucky on most entries.
Proper way is add this same Indicator onto to the chart and overlay it on top of the first and set the 2 and -2 lines at 1 and -1 choose your colors. When the Bar closes above this on the Pictogram $$$ money trade...$$$ 87% wins rate today. Don't take the trade if no trend confirmation.