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Trend Pivot - Raahul Khurana

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This indictor is based on a 3 candle rule, which helps detect the trend change. It decides the the change of trend by comparing with last 2 candles.

1) Bull case- High of the current candle is greater than the previous candle + the low of the current candle is greater than previous candle and close of current candle is greater than high of previous candle.

2) Bear Case- High of the previous candle is greater than the current candle + the low of the previous candle is greater than current candle and close of the previous candle is greater than high of the current candle. Denote this by a beginning of bear trend.

הערות שחרור
This indictor is based on a 3 candle rule, which helps detect the trend change. It decides the the change of trend by comparing with the last 2 candles.

1) Bull case- High of the current candle is greater than the previous candle + the low of the current candle is greater than previous candle and close of current candle is greater than high of previous candle.

2) Bear Case- High of the previous candle is greater than the current candle + the low of the previous candle is greater than current candle and close of the previous candle is greater than high of the current candle. Denote this by a beginning of bear trend.

The bull or Bear symbol will appear 5 minutes before the market closes in timeframes >= 1 day however for lower timeframes, it will appear after the close of the candle.

Happy Investing/Trading :-)
הערות שחרור
In this release, I have added RSI values below every bar.

Logic:-

1) RSI Value >=50 will be represented in Teal colour
2) RSI Value <50 will be represented in Red colour

Use the combination of bull/bear signal with RSI to trade for more accuracy.
הערות שחרור
Minor Change- Change of the indicator name to the previous one.
הערות שחרור
Updated name to 'Trend Pivot- Bull or Bear'. Use the setup as per screen to maximize your profits.
הערות שחרור
In this release, I have added a small table to show ADX, DI+ & DI- Values. I hope you find it useful
הערות שחרור
In this version, I have added an option to define EMA value and plot it on the chart. This is very good for the intraday setups.

1) ATR setup for volatility.
2) Bull/Bear signal for immediate trend change
3) EMA 63 for a trend analysis.
הערות שחרור
Another update, back 2 back. Please refer:-

I have also added Donchain Channel and super trend in the same indicator for playing the mean reversion startegy.

Enjoy & Happy Trading!
הערות שחרור
Hi Guys,

In this version, I have updated the code to show and include gaps(UP & Down). Gaps are very important and act as a resistance/support. For a better view limit number of gaps to under 7 and bars look-up to 100.
הערות שחרור
In this version, I have added support for defining three more types of EMA.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.