I have coded this "Auto Trend Channel" script to help myself to draw a perfect trend. I usually use "Open / Close" as source. Play around with the "Lookback" period to find the best fit. Hope you enjoy it.
Note: This indicator repaints as highs and lows changed.
Remember to follow me and drop some comments below.
Hi @AtillaYurtseven This indicator is somewhat interesting... but I'm troubled by the label "Pullback" with percentage. May I ask if for example if once the pullback price label shows at the UPPER/ABOVE part of the price action (Higher-high or Lower-high), is the percentage indicating how much/strong it's going to go down?
Public_agent
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@Public_agent, And if once the pullback price label shows at the Lower/below part of the price action (Lower-Low or Higher-low), is the percentage indicating how much/strong it's going to go up?
AtillaYurtseven
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@Public_agent, it's all about how you read it. Doesn't necessarily indicate anything to be honest.
Public_agent
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@AtillaYurtseven, I'm currently backtesting this one in xrp/usd at 4hr chart. Shows price label 0.2022 & pullback of 95.03% below price action/candle and goes up & as it progresses higher, percentage goes lower, nice :)
@AtillaYurtseven, hey bro is it possible to have access to your script I wouling like to add my baseline in it with my spécial script td sequential... I can share my scripts with you if you want
Take care
arrington.copeland
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Love this any way you can make this public
inverseforex
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does the pullback signal real time ? or it shows after some more candles ?
samett86
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Merhabalar çok başarılı bir trend takibi var .Ama mavi çizgiler her zaman çıkmıyor yardımcı olursanız çok sevinirim.
Ehsan_Ghaffariyan
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hi dear Atilla, This is a great indicator. Just add an alert for support and resistance cross good luck
This indicator is somewhat interesting... but I'm troubled by the label "Pullback" with percentage. May I ask if for example if once the pullback price label shows at the UPPER/ABOVE part of the price action (Higher-high or Lower-high), is the percentage indicating how much/strong it's going to go down?