Determining trends and reversals are the keys to trading, yet very difficult. Parabolic SAR is hard to trade during choppy price action. SuperTrend is a bit late in determining changes of trend and not great and exit signals.
So WonderTrend is a bit of both, a more stubborn PSAR, also a faster SuperTrend. The green is up, red is down, and yellow is caution helps traders read the chart patterns to enter and exit.
Enjoy!
Notes de version
⋅
The long-awaited update to WonderTrend. The shading is produced by measuring the gap and the rounding angles. The result shown allows traders to visually "see" the current trend, and avoid dormant price action.
Rules that may be helpful: 1. The beginning of the color segments are good entry points. You'll notice that good trends are color shaded. 2. The best exits depend on your target and psyche :) 3. When there's no shading, it's drifting. The slope acts as a prevailing wind, and may predict the direction for the next color segment.
wonder trader is really nice i have small request kindly add auto time frame option so settings get change with resolution
elmercamus14344
⋅
Thanks for signal😊what is the time frames can work?
Baked_Tate
⋅
awesome indicator, thanks for your hard work.
I am having trouble deciphering the entry/ exit code for a strategy, would someone mind pointing me in the right direction?
gttrader09
⋅
How can I increase the accuracy of this indicator??
accutrades_net
⋅
@gttrader09, I developed many indicators over the years, and this is what I found: 1. You can increase the accuracy of indicators by confirming with other indicators. 2. Regardless of indicators that you choose, reading price action patterns is still required work. 3. And regardless of the pattern you found, trading requires good entry, exit, and sizing decisions.
Good trading!
gttrader09
⋅
@accutrades_net, Can you please suggest some other good indicators to combine with wondertrend indicator
lukricky
⋅
this is the good indicator and i enjoy to use it, however, would it possible for you to add the color change functions to the indicators, sorry to tell i am color blind , thanks
Ruslan16_7
⋅
I like your indicator, but unfortunately I can't understand how it works. Could you explain lines 32-34? They don't seem to make sense to me, as the trend variable will always be 1.
Ruslan16_7
⋅
I've figured it out a bit, but still, I can't figure out the conditions of the ternary operator. For example, the first part of the ternary operator in line 33 will never work, because initially in the variable trend=1
Agent87
⋅
Nice Job....A nice addon would be multiple timeframes
i have small request kindly add auto time frame option
so settings get change with resolution