True Barcolor

2021年10月5日

Heikin Ashi can be useful for understanding trend based on price action but it doesn't take volume in context. Here I have tried to use volume for understanding true bar color and ultimately true trend analysis. It can also help you in not getting trapped in sudden shakeouts. Also, you can use it for averaging of your existing position.

Conditions used:

• Relative closing price
  
• Relative volume against previous bar and overall moving average of volume
  
• Volume analysis
  
• Trend analysis
  
  

https://www.tradingview.com/x/WTpg7g9S/

2021年10月19日

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Updated to version 5

2021年10月26日

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Trailing stoploss is added in the script to highlight when to minimize the risk and Improve R:R ratio

2021年10月26日

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Limited number of Trailing stoploss lines display period.

2021年10月26日

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Trend reversal must be confirmed by closing above or below trailing Stoploss

2021年10月31日

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Tutorial for the script added along with the the scenario like supertrend

2021年11月16日

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Indicator name change

*potential entry points added

*reversal signals are added for profit booking

2022年10月5日

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Few updates on stoplosses !!

2022年10月8日

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Trailing SL updated