Thanks to Chris Moody for writing the code, and emailing it to me. This is one of many reasons, I respect him. In this code, All I have defined was the Trend up and down. The few cosmetic touch is actually a lot.
After I had few comments with B-S on charts, I changed them to Arrows.
I use this to trade Oversold/Overbought Conditions from the UCS_Momentum Oscillator. I have not back tested this system yet.
Thanks for this script!
A few questions, sorry to bug you..
1. The candles are multi-coloured.. what do they mean? Yellow + Blue candles?
2. I've got green UP arrows and red DOWN arrows.. I'm guessing this is entry signals. How reliable is this? I'm looking historically it looks good but is it repainting?
AEFX786
⋅
@AEFX786, Umm.. and my Yellow candles just turned to Brown! lol
UDAY_C_Santhakumar
⋅
Looking for a crazy Indicator? Here is a sneek peak on something I am excited about.
LudmilaHanania
⋅
Looks good.
Xalister
⋅
@ucsgears, Did you ever release this?
UDAY_C_Santhakumar
⋅
Use the Momentum Oscillator to smell the meat with the setup. There are other ways as well. KEY is you need trending ASSET.
- Good Luck
cooney_s
⋅
Nice work and collaboration gentlemen! Perfect example of putting great minds at work together great things can happen on Trading View.com. Best site on the net for traders of any kind!!! My two cents would be this...since this is a Trend based indicator system, if you have not found a trend on your preferred time frame, look to next smaller time frames........or of course, be patient and wait!
UDAY_C_Santhakumar
⋅
Larry Gaines $600 Indicators - Conceptual will be out tonight
LazyBear
⋅
Nice work. I am yet to grok fully how to effectively use this, but some of the signals I noticed were very promising.
A few questions, sorry to bug you..
1. The candles are multi-coloured.. what do they mean? Yellow + Blue candles?
2. I've got green UP arrows and red DOWN arrows.. I'm guessing this is entry signals. How reliable is this? I'm looking historically it looks good but is it repainting?