This is a Trend-Indicator based on Pivot highs and Pivot lows from different forward-backward lenghts. As Mohamed3nan is only looking at one timeframe, here is a mtf-version of that
How to use? This indicator should basically work in each timeframe. Green is Bullmode, Red is Bearmode try to find a "IN Trend" setup or go directly in on the switch of the trends... The riskmanagement is as always in your own hands
you can activate the field, ends up in a mess like this here :D
הערות שחרור
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Alarms as requested
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Standardsetting Field on -> Field off
Multibit-Implementation
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sorting the inputs and different thickness of field
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bad screenshot - release :-(
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libary update
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Added alerts and custom weighting for alert-switching. standardsetting of this idicator is identical but you can screw around with the values now ^^
@KioseffTrading, thx a lot, but im not happy with it.... i cannot do a "matrix.add_row(ID, na, give_PivotTrend(PeriodL,PeriodR))".... weird... matrix has (3,0,na) so should be 3 columns... still cannot insert a function-output which is a 3 float - array that would be so much cleaner and i could do great stuff in the matrix
serkany88
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Why do you prefer to put that much weight on multiplied lookback trends compared to quicker ones?
djmad
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@serkany88, because that way the average line had more bar bounces
serkany88
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@djmad, Yes but wouldn't it make it way more bouncy and kinda may not be preferred since some people may not want to value 1 hr pivots more than let's say 15 min as an example. On the other note what does the higherhigh and lowerhigh variables do in the function you created it seems like you are not using them.
Sorry for questions btw I'm just trying to understand the approach. Very good script ty.
djmad
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@serkany88, i just make you some input fields ;-) so you can turn the wheels as you like i can do a update for you , alert for color change is also in the patchlist expect the update today
@serkany88, that is just a 10 minute fix/change so never mind, may there is some truth in your words and it makes the indicator actually better than now ^^