This indicator is NOT meant to be used as a standalone trading system.
It has been designed to produce signals for potential up or down moves in the market subject to certain critreria being met.
The indicator measures several independent concepts that line up and when congruent produces a signal.
The concepts used are based on the Awesome Oscillator, the Directional Movement Index, Stochastic and the McGinley moving average.
An UP signal is produced when trend has potentially changed to up.
The McGinley MA provides the inital trigger which is followed by supporting oscillators which must move to the upside also indicating a possible change in trend. When the oscillators and MA conditions are met and are 'Congruent' an UP signal is produced to dispaly a potential change in trend for the interim period.
A secondary UP signal is also produced after the initial UP signal. This is as a result of a trend being detected (after the first entry) and the cross of secondary MA with different inputs. This usually occurs after a retarcement and potential continuation of trend. All components must line up to support the idea that trend has changed for the interim.
The combination of several positive trend indicators and confirmation of price assists in the trend change confirmation.
An alert system has been added for convenience.
The opposite occurs for a Down Signal.
The indicator is often useful after a significant swing HIGH/LOW when price is potentially changing direction. The overall concept is to be able to set alerts for such potetnial entries after you have completed your own market analysis. A particularly good reference point is after the 'D' point has formed on a Harmonic Scan (your Own anaysis) and awaiting an entry zone for a change in trend and as price moves away.
This can also be used with significan support and resistence levels and pull-backs in trend direction. Pitchforks applied to Harmonic scans provide numerous potential entry points for this type of indicator which often constitutes a good scalping strategy. Heiken ashi candles can also be used for additonal trend confirmation 'BUT' entry decisions 'SHOULD NOT' be made based on those candles
It works across all time frames.
If you would like to enquire about access to this invite only script please send me a private message on trading view and I will be happy to assist. Thank you.
It has been designed to produce signals for potential up or down moves in the market subject to certain critreria being met.
The indicator measures several independent concepts that line up and when congruent produces a signal.
The concepts used are based on the Awesome Oscillator, the Directional Movement Index, Stochastic and the McGinley moving average.
An UP signal is produced when trend has potentially changed to up.
The McGinley MA provides the inital trigger which is followed by supporting oscillators which must move to the upside also indicating a possible change in trend. When the oscillators and MA conditions are met and are 'Congruent' an UP signal is produced to dispaly a potential change in trend for the interim period.
A secondary UP signal is also produced after the initial UP signal. This is as a result of a trend being detected (after the first entry) and the cross of secondary MA with different inputs. This usually occurs after a retarcement and potential continuation of trend. All components must line up to support the idea that trend has changed for the interim.
The combination of several positive trend indicators and confirmation of price assists in the trend change confirmation.
An alert system has been added for convenience.
The opposite occurs for a Down Signal.
The indicator is often useful after a significant swing HIGH/LOW when price is potentially changing direction. The overall concept is to be able to set alerts for such potetnial entries after you have completed your own market analysis. A particularly good reference point is after the 'D' point has formed on a Harmonic Scan (your Own anaysis) and awaiting an entry zone for a change in trend and as price moves away.
This can also be used with significan support and resistence levels and pull-backs in trend direction. Pitchforks applied to Harmonic scans provide numerous potential entry points for this type of indicator which often constitutes a good scalping strategy. Heiken ashi candles can also be used for additonal trend confirmation 'BUT' entry decisions 'SHOULD NOT' be made based on those candles
It works across all time frames.
If you would like to enquire about access to this invite only script please send me a private message on trading view and I will be happy to assist. Thank you.
Notes de version:
Added 50 input for MG range.
Notes de version:
small bug fix.
Notes de version:
Combined alerts added
Notes de version:
V5. Conversion
Notes de version:
Smoothed Ha Candles added
Notes de version:
Optional zone markers
Notes de version:
Text Changes
Notes de version:
Displays HA signals on ORD candles
Notes de version:
Bullish Bearish Open markers added.
Alerts systems changes
Dark/Light Mode added
Alerts systems changes
Dark/Light Mode added
Notes de version:
Text updates
Notes de version:
2nd smoothing changed
Notes de version:
ALERTS CHANGES
Notes de version:
Trading Table added
Notes de version:
Default settings re-established.
Notes de version:
Typos
Notes de version:
Text Box Changes
Notes de version:
Updated - Titles and markers
Notes de version:
Wave Smoothing
Notes de version:
Smooth settings changed
If you would like to enquire about access to this invite only script please send me a private message on trading view and I will be happy to assist. Thank you.