Dynamic Trend Channels by QTECHtrading
Dynamic Trend Channels is a technical indicator revealing the price action color bar, location, and trend sentiment the three main factors to trade successfully.
Dynamic Trend Channels is a technical indicator that using least square fitting to calculate The upper and lower channel lines contain between themselves 95% of all prices the Pearson R within 0.5~0.95
- When the TREND is bullish and the indicator is upward sloping.
- When the TREND is bearish and the indicator is downward sloping.
- When prices break outside of the channels current TREND end, new TREND automatically display.
Buy Signal
Slope upward a continuation of the trend, and the price falls below the lower channel line, this should be considered a buy signal.
Sell Signal
Slope downward a continuation of the trend, and the price rises above the upper channel line, this should be considered a sell signal.
You can wait for confirmation by waiting for the price to move to close back inside the Dynamic Trend Channel most often method DTC trend or scalping with opposite trade apply DTC break strategy.
Simply put, Dynamic Trend Channels is pattern recognition by pine script that employs advanced math and physics to identify TREND in the market. TREND is your friend.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact situ886 directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact situ886 directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.