The Trend Exhaustion Indicator is a custom indicator of mine that is loosely based on the Trend Exhaustion Index created by Clifford L. Creel Ph.D. (Stocks & Commodities V. 9:1 (9-11))
This indicator will let you know the trend reversal points and when it falls below the signal line then the trend is ending vice versa. Buy when the indicator crosses above the signal line and sell when it falls below the signal line.
Let me know if you would like to see me write any other scripts!
I don't understand the signal line portion of your description as my copy does not have a line at all in it, just the sinewave portion. when the oscillator turns purple, does that indicate a weakening trend? Thanks
cheatcountry
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@Morawka, If you see in the script I commented out the signal line as default. I did this because the signal line made it difficult to interpret some and trades and you can easily uncomment it if you want to show the signal line
Kirandeepc
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wonderful Script. Hey can write script to identify breakout or breakdown prior it breakout or breakdown. It will be great favour for me. Thanks
cheatcountry
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@ckirandeep287, you can send me a message about this
span-19781210
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@cheatcountry, I want to find a script. How can I find it?
DMZ163
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@Kirandeepc, help how did your script go what you requested? Did they code it for you?
Kirandeepc
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@DMZ163, Hi I didn't DM I Switch to Price Action mainly
jeremiah_p_normile
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Hey @cheatcountry is there a way you can provide a link to clifford el creel's formula for the TEI? been trying to find it on the internet