BradfordFournier

Trend Shift Indicator Strategy V2.0 [Fournier-Eaton]

Major update of Trend Shift Indicator with adjustable parameter strategy

Defaults are set for 1 month view and 30min candle width.
Release Notes:
Simplification of user controls

Better defaults for 1 month view (30min candle)

Smoothed

Simplified visuals.
Release Notes:
Better directions to user in settings pane.
Release Notes:
Improved Profit Factor

Improved Sharpe Ratio
Release Notes:
improved profit-factor
Release Notes:
final adjustments to this version
Release Notes:
Major changes
Release Notes:
Better readability
Release Notes:
correction to lookback period
Release Notes:
Clearer signal in crosses.
Release Notes:
color coded signal line
blue = buy
purple = caution
red = sell
Release Notes:
small variables update
Release Notes:
Simplification, Color coded Macd of TSI

Crossover(signal,0) buy
Crossunder(signal,0) sell

Caution if purple
Buy if Blue
Sell if Red.
Release Notes:
Better buy signal (reduced false positives)
Release Notes:
Added overall pre-algorithmic price smoothing option.
Release Notes:
Added pre-algorithmic price smoothing option.
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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.

Want to use this script on a chart?