Wizard Trend Supports
1. Understanding the Step Line and Diamonds
Green Step Line with Diamonds: When the indicator shows a green step line with diamonds, it suggests an uptrend in the market.
Red Step Line with Diamonds: When you see a red step line with diamonds, it indicates a downtrend.
2. Trend Interpretation
The indicator uses a smoothing algorithm to filter out market noise and show a clearer trend direction.
You can interpret the trend direction based on the color of the step line:
Green Line (Uptrend): This is a signal to consider buying opportunities or holding long positions if other conditions align with your strategy.
Red Line (Downtrend): This suggests a downtrend, where you might look for selling opportunities or avoid buying.
3. Adjusting Settings for Customization
"Disclaimer: This indicator is intended for educational purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own research and consult with a licensed financial advisor before making any trading decisions."
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 WIZARDTRENDS 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 WIZARDTRENDS 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.