Version 3: Improved aesthetically, complete turnaround for the strategy with which to use this indicator.
Once again, thanks to BlindFreddy and ChrisMoody for the bits of code that were assembled into this indicator.
Make the chart yours using the share button for the indicator with barcolors functionality.
Changes from v2 and looking forward: Indicator now uses a...
This idea is based on the Donchain Channel centre line Price action. When price moves from the highest/lowest point, the price will move to the center line first. At this point, the center line acts as dynamic support/resistance and often price will bounce back up. However, if price successfully breaks the centre line (primary entry condition), then prices...
Trend identification indicator. Estimates (higher-timeframe) market state using the "Institutional Bias" MA relationship (9ema - 18ema, 1D timeframe). A "reference" MA (30sma - TRI's preferred MA for Trade Location) is then plotted, and colour-coded according to higher-timeframe market state.
NOTE: All MA lengths, types, and the timeframe to use are...
Version 3: Improved aesthetically, complete turnaround for the strategy with which to use this indicator.
Once again, thanks to BlindFreddy and ChrisMoody for the bits of code that were assembled into this indicator.
Make the chart yours using the share button for the indicator with barcolors functionality.
Changes from v2 and looking forward: Indicator now uses a...
This indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken...
