This indicator shows the trend of an asset (nifty, crypto, forex, stock, etc., taking as a starting point the volatility and direction of the market.
When the moving average slope crosses up CFB (see CFB explanation below) it is BUY.
When the Moving Average Slope crosses CFB down it is sell.
The system also has a support and resistance (daily, weekly, or mouth) identifier.
The alarm of resistance or support signal: When price close and volume break daily support or resistance the general system is a visual signal.
Bull Wick= the high price broke the resistance. Bear wick = the low price broke the support.
Break Out color blue color = the close price and the volume broke the resistance. Break Out color maroon color = the close price and the volume broke the support.
The system also has the Bollinger bands that show us the volatility of the market and when it is up or down. Read more about the use of the Bollinger band
CFB his indicator was designed to filter out lower price actions for a clearer view of trends. Inspired by QQE's volatility filter, this filter applies the process directly to price rather than a smoothed RSI . Range Filter and bands are now calculated in a singular function. There are now two different calculation methods for the filter. Select the type you want to use through the "Filter type" entry. Type 1 is the original formula. Multiple range size methods are now available. You can choose between the following scales: - Points - Pips (Works best with currency pairs, obviously) - Ticks -% of the price - ATR - Average change (default. This is the original sizing method). - Standard Deviation - Absolute (absolute numerical value) - Smoothing with the range elder is now optional, and you can specify its smoothing length. Smoothing only affects dynamic scales (ATR, average change, and standard deviation). - Filter movement can now be determined using highlights or closing price. This can be specified through the input.
Congrats for a well done and very useful indicator. Thank you and keep it up!
hmpmmokdykahzaf
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SIR, PLS PROVIDE ITS CODE
MasBart
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Very nice script. Thanks very much. If I may suggest that the breakout labels are too wordy (ex: TrendUP, TrendDN), if the chart is ranging it will appear tightly between each other. Perhaps shape triangleup/down or circles without any word will give less cluttered screen. Of course we can change by ourselves to triangle or cirlcle but the word will still appear.
HellboyZ
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Hi, quite a useful script - but CFB 2.2020 seems to stop plotting after 29th Janurary '21 - can you please check?
rudraraju0232
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Excellent indicator. But how to minimize dash board. Or changing the position. 😀👍
Emado
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as always you are the best .
dgener8
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Great strategy. However, when setting alerts for the main BUY / SELL indicators (the ones that show up most rarely and have this Buy /Sell text on them) using the "Show CB 2020 Alarm" setting, both BUY and SELL alerts are triggered at the same time even when only a buy label shows or a sell label shows. Any idea what this issue is? Thanks so much!
ashdays
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thank you very much
orenytz
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i wish to call the pSignal CFB and Slope Trend Folow indicator from my tradingview strategy but there is no code exposed. there is a way to read the trend value from my pinescript tradingview strategy?
hdudjdhdhdys4
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very nice and complete indicator, thanks for the creator