Market Reader Trend Following system

2 juin 2020

This indicator combine:
1) fast moving average cloud (lime:red)
2)slow moving average cloud (blue:orange)
2) Impulsive candle (long=lime, short=red) that check at least 10 conditions to be plotted


The aim is to catch trend move during significant retracement (trend following).

// LONG TRADE//
1- Both cloud should be in the same direction (green/blue)
2- You have to wait to the price coming inside one of the 2 cloud
3- if a green candle appears you can long at the break out of its high with SL on its low
4-target are 50% retracement and 100% fibs extension


// SHORT TRADE//
1- Both cloud should be in the same direction (red/orange)
2- You have to wait to the price coming inside one of the 2 cloud
3- if a red candle appears you can shortat the break out of its low with SL on its high
4-target are 50% retracement and 100% fibs extension


this is an invite-only scripts. Send me a private message to gain access.

26 juil. 2020

Notes de version

Update:
-Adding Bollinger Band 2.5 SD
-Adding Tenkan/Kijun (+fill) in option
-Adding early price entry ( that requires a filter by all the criteria mentioned above) (triangle red for bear and blue for bull)

10 sept. 2020

Notes de version

Add:
-Swing High and Low
-Improvement of bull-bear candle ( triangle up/down)

20 sept. 2020

Notes de version

Update 1.2: Add Bollinger band in option

31 oct. 2020

Notes de version

update:
* Minor Bug correction
*Improvement for bar color setup

8 mai 2022

Notes de version

*Passage en pineV5
*Ajout d'un filtre sur les signaux
*Ajout des Vegas en option
*Ajout de l'option pour limiter l'affichage de l'historique