Trend Explosion

28 בספט׳ 2022

This script features a combination of trend indicators. Upon backtesting various indicators and how price action reacts to past signals, I discovered that using a combination of conditions would allow for a simple, easy-to-use, yet (in my opinion) accurate representation of current market sentiment. I typically use this on the 5/15 minute charts as I reference higher timeframe conditions. If you would like to trade the 1 hour and above timeframes, you would have to manually adjust the timeframe you want under "Resolution". Another thing to note is that this script provides a REFERENCE for trends. It does not provide entry and exit signals and you would have to discretionarily determine those yourself.

Long sentiment = Green triangles below the bar
Short sentiment = Fuchsia triangles above the bar

Due to a large amount of effort and time taken into creating this script, I have decided to protect the source code. If you do have any suggestions, you can feel free to drop me a DM.