DH: (Study) Basic Stonehenge SuperTrend - Double Stone Version

STONEHENGE BASIC SUPERTREND
Double Stone Version

This indicator creates a series of "Trend Predictive Stones" lined up to tell a price action story across multiple timeframes. Shooting stars dart above and below these stones highlighting reversals, trends and premium trade signals. Colors are added to clarify direction and indicate optimal trade opportunities. The result is a fun indicator with uncanny accuracy.

This basic "DOUBLE STONE" version is the little sister of the more powerful "TRIPLE STONE" version that is part of a complete "STONEHENGE PLUS TOOLKIT."

See The Complete "Stonehenge Plus Toolkit" here:
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WHAT IS THE STONEHENGE SUPERTREND TOOLKIT?
The Stonehenge Toolkit is a masterful "All-In-One" Indicator of Indicators set that has everything you need and nothing you don't need. Calculations and clues from dozens of built-in Indicators, Oscillators and Technical Analysis Tools are interpolated candle-by-candle.

The results are cast in a series of "trend predictive stones" lined up to tell a price action story across multiple timeframes. Shooting stars dart above and below these stones highlighting reversals, trends and premium trade signals. Colors are added to clarify direction and indicate optimal trade opportunities. It is a traders dream indicator set.

LET ME EXPLAIN THIS INDICATOR: The Double Stone Version

Because the STONEHENGE PLUS SUPERTREND TOOLKIT (which includes a Triple Stone indicator and companion overlay) is a paid toolset, we've created a basic free version (here) that is equally powerful but has a reduced feature set. Yes, it has one less row of "Stones" but this is still one of the most power indicators you'll find anywhere.

You are encouraged to combine this free "Double Stone" indicator with our free "Super Smart SuperTrend" indicator to create a more powerful free toolset. The results you'll experience will be amazing.

Once you've created your combo set, just as our STONEHENGE PLUS SUPERTREND TOOLKIT (paid version) has two parts, your free "Double Stone" indicator combined with our free "Super Smart SuperTrend" indicator will provide an impressive combo set.

WHAT'S INSIDE?
These Stones Combine Many Modified and Optimized Indicators, Oscillators and Technical Analysis Tools (such as):
SuperTrend (Standard & Smart Version)
Heikin Ashi
Demark Sequential Countdown
Percentage Price Oscillator
Overbought/Oversold
Weighted Sine-wave
Murrey Math Oscillators
Support & Resistance
Bollinger Bands
Donchian Channels
Cumulative Volume Index
Commodity Channel Index
Average True Range
Various Moving Averages (SWMA, EMA etc)

HERE ARE A FEW "STONE READING" SUGGESTIONS TO GET YOU GOING:

1) Stones are color coded... Greens typical mean an UP tick or UP trend. Reds typically mean a DOWN tick or DOWN trend. Darker greens and reds indicate the trend is stronger. Points where a color flips to another color are often areas of interest. Review similar changes in history and you can see the effect on price action.

2) When multiple stones synch-up to display a common color, common trend or price movement, this confirms the likely price direction.

3) The interaction between indicator elements can often leave clues. For example:

a) Green stones with orange/red shooting stars above often indicate a solid uptrend in progress (perhaps a sign to stay in your long trade). Or Red stones with green shooting stars below tend to occur in down trends (stay in your short trade).

b) When the stars end (or land) on a matching color stone, the trend usually reverses.

c) A top row stone may signal a good early entry in the direction of color (red or green) or you may prefer to follow the more conservative second stone row calling it's shots from a higher time frame. You can also wait for stone rows to match-up in color direction for more confirmation of coming price action.

d) In settings, you can highlight trend colors to stand out more by check boxing STRONG TREND CLOUD BACKGROUND COLORING. Watch closely for how accurate these background colors track and predict trends.

e) If you are also using the SUPER SMART SUPERTREND (separate overlay indicator) Keep an eye on the SUPERTREND line signals (on Overlay), especially the SMART AUTO-ADJUSTING SUPERTREND. These are very good entry signals and synch well with the stones which might help refine your exits.

f) Let the interaction of stones tell their story. Some people get in on top row stones, then watch the second row to keep them in through minor price dips and finally exit upon a color change in either the top or second row. Others prefer to wait until a the faint BACKGROUND COLOR flips to a different color (for entry) and then exit when both stone rows flip to an opposite color.

START WITH THE BIG PICTURE
Regardless of how you trade and read the stones, it is suggested you ZOOM OUT and get the bigger timeframe picture first, then work your way down to the timeframe where you like to trade.

With so many coins (assets), timeframes, and trading styles... there is NO ONE WAY to read the stones across all these variables. But most traders start to see opportunities JUMP OUT before their eyes after observing these stones for only a short while.

TRADE STONED BUT NOT NAKED
Don't be greedy! When you see good money on the table, grab it! There will always be more predictive stones coming to help you start your next trade. Also remember, you can trade stoned but never naked. Protect yourself with smart stoploss placement.

LET STONEHENGE PICK SIGNALS FOR YOU...
If you prefer for the indicator to highlight the various trading opportunities, you have numerous variations to choose from in your indicator settings (including Notification Alarms). Your entry & exit choices will be clearly displayed with colored buy/sell bars (columns) across the stone row(s) in play.

WHAT THESE DOUBLE STONES ARE SAYING
Gather insight from dozens of hidden indicator data points, these "stones" boil everything down into an easy to understand COLOR and SHAPE. Simple, simple, simple. You take what these STONES present and confirm it with what you see your on your Super Smart SuperTrend Chart Overlay.

Special Thanks for Ideas and Inspiration From: ChrisMoody, LonesomeTheBlue, GrantPeace, RicardoSantos, PRO_Indicators, Capissimo, Morpheus747, Everget, Glaz, Lazybear and others.

That's it. You're ready to trade. Get "Stoned" Today!

STONEHENGE PLUS:
The Complete SuperTrend Trading Toolkit
CHECK OUT THE "BIG DADDY" VERSION OF THIS INDICATOR:
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FREE COMPANION VERSION:
Super Smart SuperTrend (Overlay w/Alerts)
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ENJOY!
Dan Hollings
Master Crypto Grid Trader
Stonehenge Master Mason
Host of the "High Leverage Lounge"

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@DanHollings on Tradingview.

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