blackcat1402

[blackcat] L1 Tether Line

Level: 1

Background

Omega Research proposed Tether line in June 2000. I utilized it in fast-slow line form to follow trend.


Function

Due it can provides good support and resistance , using it as "moving average" fast-slow line form can provide very stable golden cross and dead cross signal.
You can adjust parameters to fit for your trading pair and use it and compare it with Supertrend indicator.



Key Signal

Tether_fast --> Tether Fast Line.
Tether_slow --> Tether Slow Line.

Remarks

This is a Level 1 free and open source indicator.

Feedbacks are appreciated.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
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