True Barcolor

Heikin Ashi can be useful for understanding trend based on price action but it doesn't take volume in context. Here I have tried to use volume for understanding true bar color and ultimately true trend analysis. It can also help you in not getting trapped in sudden shakeouts. Also, you can use it for averaging of your existing position.

Conditions used:
  • Relative closing price
  • Relative volume against previous bar and overall moving average of volume
  • Volume analysis
  • Trend analysis

Notes de version: Updated to version 5
Notes de version: Trailing stoploss is added in the script to highlight when to minimize the risk and Improve R:R ratio
Notes de version: Limited number of Trailing stoploss lines display period.
Notes de version: Trend reversal must be confirmed by closing above or below trailing Stoploss
Notes de version: Tutorial for the script added along with the the scenario like supertrend
Notes de version:

Indicator name change

potential entry points added

reversal signals are added for profit booking

Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?