Lij_MC

Trend Meter

Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.

When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way

The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend

As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very Powerful however please use with caution

How to Use

The more Trend meters are lit up the better

Look for Support or Resistance Levels for price to be attracted to

Find confluence with other indicators

Enter Long above the Setup Bar

Enter Short Below the Setup Bar


Informacje o Wersji: Adjusted;

Filter X parameters

Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)
Informacje o Wersji: Updated Alerts - You can see and set them properly now
Informacje o Wersji: Fixed issue with Alerts
Informacje o Wersji: Ability to change dot size

Background Highlight when all 3 conditions are met

Adjusted Alerts
Usuń z Ulubionych Skryptów Dodaj do Ulubionych Skryptów

Komentarze

Hey,
This meter is awesome. Can you tell me why sometimes when 5 dots align that you can get a relatively small candle?



Thanks,
Enda
+3 Odpowiedz
Lij_MC TrendSpotter1
@TrendSpotter1, Hey Thanks :)
Sorry I'm not sure but it is a good idea to use the meter in confluence with price action and various candle types etc.
Generally for longs we put a buy order above the setup bar and let price come to us that way we get in only if the momentum is sustained.
Also good to have take profit targets etc.
Odpowiedz
@Lij_MC, Hi,
Sorry, I didnt make that clear. I do that already. What do the full "meter" lines mean and the background solid colour?

Thanks,
Enda
Odpowiedz
Lij_MC TrendSpotter1
@TrendSpotter1, They are momentum setups based on Stochastics
Odpowiedz
trying your indicator, looks amazing
+2 Odpowiedz
Indicator is awesome. I use it with another trend strength meter. When all colors are the same on both meters, it’s an extra indication that the trend is STRONG in that direction.
Odpowiedz
@ciaboo87, what other trend strength meter do you use?
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Thanks for this bro.
Odpowiedz
Lij_MC Imperial_Peak
@Imperial_Peak, Thanks, your welcome
Odpowiedz
Hello Traders....
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