INVITE-ONLY SCRIPT
Zentrading Trend Follower
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Our Trend following indicator is designed to get you in every trend safely, but perhaps most importantly, keeps you out of bad trades.
It performs well on all assets as it captures trending moves.
It does not only provide you with buy or sell signals you have to react on quickly, rather, it shows you when a trade setup is active. In this way you can anticipate the break of the breakout level to enter the trade. A trailing stop loss is used to exit.
It will work on all timeframes, but as lower timeframes add more noise to the market there will naturally be more losing trades than on higher timeframes. We recommend using it on anywhere from the weekly down to 1 or 2 HR -0.44% timeframes.
It is very simple to use:
The shaded areas on the chart indicate that a trade setup has been detected: Green for bullish setups, red for bearish setups.
The blue dots are plotted as the breakout level, if the price breaks this level the trade is entered. (as you can see on the chart, they can sometimes move towards the price!)
Red crosses are plotted as your trailing stop loss, if price breaks the stop loss the trade is closed.
This is a subscription indicator, please pm for information on how to access.
Happy trading!
It performs well on all assets as it captures trending moves.
It does not only provide you with buy or sell signals you have to react on quickly, rather, it shows you when a trade setup is active. In this way you can anticipate the break of the breakout level to enter the trade. A trailing stop loss is used to exit.
It will work on all timeframes, but as lower timeframes add more noise to the market there will naturally be more losing trades than on higher timeframes. We recommend using it on anywhere from the weekly down to 1 or 2 HR -0.44% timeframes.
It is very simple to use:
The shaded areas on the chart indicate that a trade setup has been detected: Green for bullish setups, red for bearish setups.
The blue dots are plotted as the breakout level, if the price breaks this level the trade is entered. (as you can see on the chart, they can sometimes move towards the price!)
Red crosses are plotted as your trailing stop loss, if price breaks the stop loss the trade is closed.
This is a subscription indicator, please pm for information on how to access.
Happy trading!
Notes de version
this is a testing version of the trading system. Notes de version
added superstochastic entry filterIf indicator says go, enter trends on breakouts on L1 and L2 signals.
Still in testing phase, will push to all subscribers when done.
Notes de version
filters applied to L2 Signals, no more need for manual confirmationNotes de version
signals filteredNotes de version
bugfixNotes de version
filters adjustedNotes de version
reworkNotes de version
bugfixNotes de version
bugfix?Notes de version
bug fix that maybe will go through..?Notes de version
added cross signalNotes de version
changed labelsNotes de version
KS and 9 ma in stead of ribbon for better readability.Added double exhaustion cycle:
single exhaustion = red/ blue dot
double exhaustion = red/blue diamond + arrow. (high probability countertrend if confirmed by oscillators)
Notes de version
alerts fixedNotes de version
new versionno change in signals
Notes de version
bugfixNotes de version
added multiple time frame support and resistance levels -> Black crosseshelp find relevant levels and extra confirmation of trend reversal (an MTF cross forming above or below the candle, resp. bearish and bullish signal)
Notes de version
bugfix for repainting crossesNotes de version
updated MTF support/resistance crosses:updated selection criteria
timeframe adjustment added
MTF cross flipping more reliable
previous MTF cross levels more valuable
Notes de version
fixed MTF bugNotes de version
MTF bug fixNotes de version
added intraday MTF support/resistance levels: purple dotstracks levels in timeframes under 60 min
Main use is on intraday charts
option to switch them off in the indicators settings window
Notes de version
updated efficiencyNotes de version
added filter for L1 signalsupdated intraday timeframe analysis efficiency
Notes de version
added trend filter for easier trend trading.BullOK - buy L1/L2 signals, buy breakout setups
BearOK - sell L1/L2 signals, sell breakout setups
Range - price is ranging, don't trade L1/L2 signals, don't trade breakout setups.
Notes de version
cosmetic updateNotes de version
cosmetic updateNotes de version
cosmetic updateNotes de version
alert conditions updatedNotes de version
updated alert conditions - added reversalNotes de version
updated alert conditionsadded clouds
better visibility on dark charts
Notes de version
updated coloursNotes de version
fixed breakout bugadded break labels to confirm breakout trade
Notes de version
fixed bug in fiter algoNotes de version
updated filter algoupdated exhaustion algo and changed signals to reversal signals: R1 and R2
Notes de version
corrected coloursNotes de version
updated major and minor exhaustion cycle signalsadded text for long term and immediate bias and price
Notes de version
bugfixNotes de version
bugfixNotes de version
bugfixbreak labels changed to gray confirmation triangles to clean up the chart a bit
Notes de version
adjusted both confirmation alto's to be more responsive. This means using both confirmations becomes more important!adjusted L1 and L2 algo's to better fit. L1 are arrows, L2 triangles
Notes de version
bugfix in signalNotes de version
bugfixNotes de version
bugfix L1 signalNotes de version
bugfixNotes de version
updated barfilterNotes de version
trend filter adjustmentNotes de version
bugfixNotes de version
mtf cross addedScript sur invitation seulement
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