BUY / LONG when the Trend Catcher Trend Line cuts upwards and the candle will be green, and the cut candle is above the blue clouds. SELL / SHORT when the Trend Catcher Trend Line crosses downwards and then the candle cluster will be red, and the prices are below the red clouds. Moving averages help assess the main trend: - The price is completely below the moving averages, showing that the downtrend is happening. - The price is completely above the moving averages indicating an ongoing uptrend. - The price completely crosses the moving averages showing a sideways trend.
Setting: A sensitivity setting is recommended for trend confirmation signals. Show/hide trend catcher Show/Hide Moving Averages Alerts: Warn when the signals confirm the trend. Candle color mode: Green candle: Strong buy. Red candle: Strong selling is active. Purple Candle: Normal buy or sell signal is active. EQ Cloud: When enabled, a simple "cloud"-like indicator will be displayed on your chart. The EQ Cloud has a similar effect to the Ichimoku Cloud and can identify the current trend and act as to subsequent support and resistance.
This toolkit is made up of different tools all in one indicator to create your own unique trading strategies.
General disclaimer: Trading stocks, futures, forex, options, ETFs, cryptocurrency, or any other financial instrument has huge potential rewards but also huge risks. You must be aware of the risks and willing to accept them to invest in stocks, futures, forex, options, ETFs, or cryptocurrencies. Don't trade with money you can't afford to lose. This is not an offer or an offer to Buy/Sell stocks, futures, Forex, options, ETFs, cryptocurrencies, or any other financial instrument. Do not represent that any account will or is likely to achieve profit or loss of any kind. Past performance of any trading system or method is not necessarily indicative of future results.
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Major new update for this amazing script. Now with a trend trading feature to smooth the buy and sell alerts so you can enjoy fewer false signals and trade WITH the trend which is a better way to trade. Added new strategies, and some design changes.
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Fix bug
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Fixed Strategy Auto Scalp Signals
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Fix Bug
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Added Max profit. Auto draws STL-Take Profit. Fixed bug.
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Add BTC 30 timeframe
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The upcoming mrD Algo Premium [5.4] update will expand usability even further. - Fix bug. - Add exit signals. - Add more Alerts. - And S/R Box. - Improve algorithm