trend detection system

2 mar 2021

USDCHF time frame of chart shown is 1hr candles
this indicator has been designed to sniff out trends and plot its findings on the candles directly
when all of the confluences line up it will colour the candles green in the case of a bullish idea or red in the case of a bearish idea
it develops its signal by adding a multitude of tools together and waiting for the response to be positive
the tools it uses are

a heavily modified rsi that has been converted to a long term trend flow tool

multiple moving averages all of which are hidden as they are just used as a part of the calculation

pip hunter bacd which is another one of my indicators that takes 2 moving averages and through some complex calculation gets a signal on whether it is bullish or bearish

the combination of all of these tools into one easy to use item allows you as a trader to take your mind off the charts and frees up space to use other things you might like

19 cze 2021

Informacje o Wersji

this has been a full recode of the indicator to change up the method it uses to sniff out trends
uses multiple moving averages along with other pip hunter tools integrated such as the bacd tool and a modified trend seeking function
it also now has a rough stop-loss guide tool which is based on using previous high points

chart shown XAUUSD time frame 3 minute

13 lip 2021

Informacje o Wersji

now with piphunter lmi included from the user request and redundant code removed EURUSD chart shown is of 1hr time frame

14 wrz 2021

Informacje o Wersji

added new filter to signal generation as requested by user base (default set to 200)
also refined built in lmi setting to 1.45 rvalue from 1.15
if you would like to ignore this setting update then set the new value in ma filtering to 15

AUDCAD timeframe of chart is 1D