This is a FREE script meant to be used as an auxiliary Indicator to confirm your entries, but it is as good on it's own.
HOW IT WORKS The indicator consists of 3 different Trend meters, ranked from top to bottom, according to their Trend detection accuracy. The bottom Meter is using 3 different candle lengths in order to enhance it's displayed accuracy.
HOW TO USE 1. When the majority of all three meters turn green, it is a sign the market is heading up. 2. When the majority of all three meters turn red, it is a sign the market is going down.
- The indicator also has the ability to setup Alerts when all three meters turn green or red. This feature is also signaled by the red or green vertical lines. - It has 2 Trend Length Settings, that you can adjust depending on your trading style
NOTES We used the best combination of indicators so you can be sure that, no matter what ticker you're trading (Forex, Stocks or Crypto) - when you get a full green, or full red meter, the price is 100% trending in that direction!
- This indicator does NOT Repaint! In fact, none of my published indicators repaint!
What indicators are you using and what does each line mean?
Hiubris_Indicators
⋅
@Lij_MC, "The indicator consists of 3 different Trend meters, ranked from top to bottom, according to their Trend detection accuracy. The bottom Meter is using 3 different candle lengths in order to enhance it's displayed accuracy. "