Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.
When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way
The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend
As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very Powerful however please use with caution
How to Use
The more Trend meters are lit up the better
Look for Support or Resistance Levels for price to be attracted to
Find confluence with other indicators
Enter Long above the Setup Bar
Enter Short Below the Setup Bar
When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way
The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend
As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very Powerful however please use with caution
How to Use
The more Trend meters are lit up the better
Look for Support or Resistance Levels for price to be attracted to
Find confluence with other indicators
Enter Long above the Setup Bar
Enter Short Below the Setup Bar
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Adjusted;
Filter X parameters
Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)
Filter X parameters
Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)
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Updated Alerts - You can see and set them properly now
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Fixed issue with Alerts
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Ability to change dot size
Background Highlight when all 3 conditions are met
Adjusted Alerts
Background Highlight when all 3 conditions are met
Adjusted Alerts
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Major Update
Added;
Trend Meters - Fast MACD and RSI Signal Line Cross and RSI 13 Above or Below 50
A Second Trend Bar - Trend Bars Show MA Cross or MA direction
Lots of Alerts
All in All a much more accurate Trend Meter to confirm your trades
Added;
Trend Meters - Fast MACD and RSI Signal Line Cross and RSI 13 Above or Below 50
A Second Trend Bar - Trend Bars Show MA Cross or MA direction
Lots of Alerts
All in All a much more accurate Trend Meter to confirm your trades
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Removed Stochastic Momentum Setups and Replaced them with Wave Trend Signals
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Fixed Signals - Enjoy but please Back Test
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Added Alert for "Any Setup" - Combines Wave Trend Setups, 3 conditions met Setups and 5 ? 11 ema crosses
This Alert is very powerful
However please remember to Long or Short only after the Setup Bar is Closed
and to have a very tight stop loss,
Stop Loss at Bottom of Setup Bar for Longs and Top of Setup Bar for Shorts.
If Price hasn't gone your way after a couple of Bars then cancel your order and wait for a new setup
This Alert is very powerful
However please remember to Long or Short only after the Setup Bar is Closed
and to have a very tight stop loss,
Stop Loss at Bottom of Setup Bar for Longs and Top of Setup Bar for Shorts.
If Price hasn't gone your way after a couple of Bars then cancel your order and wait for a new setup
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As Per Request Added
Alerts for Rapid Color Change for 3 trend meters
Alerts for Rapid Color Change for 3 trend meters
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Long Awaited Update
Removed a lot of non essential alerts
Added Alerts for when Trend Meters line up with Trend Bars - This has been a long standing request by the community
Removed a lot of non essential alerts
Added Alerts for when Trend Meters line up with Trend Bars - This has been a long standing request by the community
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Fixed a fault with the Alerts
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Updated Menu & Alerts
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Finally the Alerts that Everyone has been asking for!
3 Trend Meters No Longer Align - Possible exit / take profit signal
Wave Trend Signal when the 3 Trend Meters Align
3 Trend Meters No Longer Align - Possible exit / take profit signal
Wave Trend Signal when the 3 Trend Meters Align
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Added Indication for Positive or Negative Pressure based on RSI and Wave Trend
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Adjusted position of Pos/Neg Strength Dots
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Updated the Look and Function of the Trend Meter and the Menu
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Updated Chart
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Updated Chart