Zeiierman

Trend Candlestick (Expo)

Zeiierman Updated   
Trading with the Trend!

Trend Candlestick (Expo) identifies the direction of the trend and Zones are displayed where the trend changes. The user has the ability to adjust the settings so that long term, as well as short term trend direction and trend changes, can be visualized.

The indicator is visual and easy to use.

HOW TO USE

1. Use the indicator to identify the direction of the trend.
2. Use the indicator to identify trend changes.
3. Use the indicator to find support and resistance levels.

--> Visual Order should be set to "Bring to Front" in order to see the color of the candles.


INDICATOR IN ACTION

15 min chart


The indicator work on Heikin Ashi, Candles, Bars, Renko, Line Break, Kagi, and Point & Figure chart.


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 continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!



ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


-----------------
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 the 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 bug fixes and improvements.

--> Higher time frame can be enabled both for Trend Color and for the Zones. This new feature makes it possible to get the long term trend perspective over the market.
Release Notes:
Major Improvements!

  • Long/Short signals are added.
  • Higher TimeFrame function removed.

Best
Release Notes:
Improvements!

  • Performance Improvements
  • Retracement Line Added
  • Stop Loss Line Added
  • Long/Short signals removed
  • Levels removed
  • Alerts Added
Release Notes:
Improvements!

  • Performance Improvements
Release Notes:
Improvements!

  • Performance improvements
  • Enhanced stop-loss function
  • Enhanced retracement function
  • Tooltips added

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

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

• Contact me on TradingView or use the links below

Want to use this script on a chart?

Warning: please read before requesting access.