CCT Trend Meter — Indicator by petrolhead71

This indicator shows the current market trend if bullish or bearish. It also indicates market consolidation.

What it does.

These trends are calculated using four (4) different trending indicators: Indicator 1 (Bar1) - Ichimoku Cloud , Indicator 2 (Bar2) - Gain Hilo Activator , Indicator 3 (Bar3) - Parabolic SAR's and Indicator 4 (Bar4) - Super Trend which have been enhanced for better accuracy.
The trend meter bars are filled with green or red colours based on market momentum.

How it does it.
When the trend meter indicates all green the trend is bullish.
When the trend meter indicates all red the trend is bearish.
When the trend meter indicates mix colours the market is consolidating.

How to use it.
This indicator works best with the CCT Entry Bar.
When all four (4) trending indicators calculate the same trend direction a green or red highlighted bar appears.

Alerts can also be set to make the trader aware of these highlighted bars.

This indicator does not repaint.

To access this indicator use the link below.

Release Notes:

Update

Added Alerts for Bearish and Bullish Trend Highlighted Bar Separately.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact petrolhead71 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

The author of this script can no longer grant access to it. Please don't request access.

Want to use this script on a chart?

Warning: please read before requesting access.