Shenlong V2.3 - Trend cycle — Indicator by ButterologyTeam

trendanalysis ichimokuclouds pricevolumetrend long short longandshort cycle stops stoploss

Shenlong V2 is a script developed to facilitate the interpretation of long and short entries according to various conditionals that play with the trend.

The use of trend clouds has been implemented, which can be used as dynamic support / resistance . They also allow us to identify the current price cycle according to these guidelines, marking with a LONG or SHORT depending on the cycle in question. The appearance settings are user configurable. You can set alerts (long o short) to be aware of movements.

The use of recommended stop loss has been implemented, this can be used as a trailing stop to ensure profits or give the possibility of catching the trend, since it will move as the price forms its structure.

An information panel on stop prices has been implemented for ease of use.

Release Notes:

Corrección de errores para el uso en activos con valor menor a 1.

Release Notes:

Ajuste en la selección de stop y target. Actualización para activos de decimales.

Release Notes:

Update to version 5.0

"When you're at the right time in the market, money flows like butter..."

Development, suggestions and access to indicators:

💌 Telegram
@ButterologyTeam

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 ButterologyTeam for more information, or follow the author's instructions below.

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Disclaimer

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Author's instructions

"When you're at the right time in the market, money flows like butter..." Development, suggestions and access to indicators: 💌 Telegram @ButterologyTeam

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Warning: please read before requesting access.