Tilson Bull-Bear-Marker — Indicator by Lantzwat

forecasting trendanalysis tilson tilsont3 bullbear marker

The Tilson Bull-Bear marker is using 2 Tilson moving averages and their divergence to identify bull and bear trends and reversals (potential entry or exit points).

How to use it:
Fast T3 (thick line) above thin line / solid blue fill color = ongoing bull trend
Slow T3 (thin line) above thick line / solid red fill color = ongoing bear trend
Shrinking or expanding divergence between the lines = trend is getting hotter or cooling down
Fast T3 (thick line) changes color from blue to red = potential trend reversal from bullish to bearish
Fast T3 (thick line) changes color from red to blue = potential trend reversal from bearish to bullish

(No financial advise, for testing purposes only)

Release Notes:

New Revision
- added markers (triangles) and corresponding alertconditions (

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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