Trend Oscillator (Expo) measures the overall trend strength and how strong the current price move/momentum is. The indicator is leading since it can signal a possible trend change that is yet to start. The color of the histogram and its value helps to gauge the strength and momentum of the trend.
The user can enable Bar Color that coloring the candlesticks based on the trend strength.
The user can choose between different trend calculations, such as smoothed trend, volume-weighted trend, a non-lagging trend, to mentions a few.
DIVERGENCES All types of oscillators produce divergences and so does Trend Oscillator (Expo). Divergences occur when the oscillator deviates from the trending price action. Bullish divergence is then when the trending price makes a lower low but the oscillator makes a higher low. Bearish divergence is then when the trending price makes a higher high but the oscillator makes a lower high.
HOW TO USE
Identify the trend strength and direction
Identify current momentum
Identify potential trend reversals
Identify Overbought and Oversold areas
INDICATOR IN ACTION
1 min 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!
----------------- 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/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
By far my favorite oscillator from his work. Combine this with his wave trend momentum indicator and you can pretty much snipe any top or bottom you want on any timeframe.
zhengtianyan
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very good
JackBerlin
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This has been my number 1 indicator for several weeks (after 3 years of trying as many indicators as I could).
Micke1990
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I really like this one. Easy to follow and definitely recommended.
Appreciate the great work.
ICEKI
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I saw you used this indicator in a 1 minutes chart, is this indicator created purposely for scalping?
Nice indicator and very easy to see the divergence and trend color; nice creation mate =D
alanktsang
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HI, Is it possible to give me access to test. Thank you.
kumarv3
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Good one
Bladey
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can i get access please ?
raahuls78
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hi great work can u plz give me access of this tc Brother