Zeiierman

Adaptive Trend (Expo)

Adaptive Trend (Expo)

DESCRIPTION

This Adaptive Trend (Expo) indicator is used to detect trends as well as to adapt to the trend characteristic in order to filter-out trend noise. Having an indicator like this enables professional traders to stay longer in trends. The indicator is also equipped with upper- and lower boundaries as well as a mid-line.

Positive trend
If the two trendlines (positive & negative trendline) emerges into one single line, it’s regarded as a positive trend. If a green cloud is painted in the indicator it’s a sign that the indicator is categorizing that price move as noise, and thus the professional trader should keep their long position, or enter Long.

Negative trend
If the two trendlines (positive & negative trendline) separates and become two lines as well as a red cloud is painted in the indicator, this is regarded as a negative trend.

As a general rule, if the ‘positive & negative trendline’ is above the midline there is a positive trend. If the ‘positive & negative trendline’ is below the midline there is a negative trend.

You have the possibility to change the ‘trendvalue’, a shorter length is more sensitive than a longer length.

HOW TO USE

1. Use the indicator to identify trends.
2. Use the indicator as a trend following strategy.

INDICATOR IN ACTION

EURUSD

EURUSD

EURUSD

BTCUSD


The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.


I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!

Release Notes: Minor Update.

--> Ability to change the trend settings.
--> The appearance of the indicator can be customized.

Best
Release Notes: Minor Update.
--> Levels added.

Best
Release Notes: Major Improvements!

  • Impulse signals are added.

Best
Release Notes: Improvements!

  • Positive and Negative Impulse signals are now added.
  • Additional Trend Line Added.
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Comments

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