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True Trend Indicator with Show Me Entry Points
Version 1
The true trend indicator and show me study with entry points can be used on any time frames and various chart types. The cyan line indicates an uptrend and the redline indicates a downtrend while the large dots indicate a potential change in trend and the small dots indicate potential buys/sells and/or short entry points. Both the indicator and the show me study come with an adjustable length input to make the trend indication smoother or indicate a quicker change in trend direction. The showme study comes with an additional input called "entry sensitivity" which when adjusted will yield either more or less potential entry points. The small entry dots will appear in the empty space to the right of the bar that just closed and one can either enter immediately as the dot appears or wait until the price retraces to the dot or close to it. Of course limit entry orders can be set at or near the price of the entry dot. Alerts can be set to notify you when the trend turns and when there is an...
The true trend indicator and show me study with entry points can be used on any time frames and various chart types. The cyan line indicates an uptrend and the redline indicates a downtrend while the large dots indicate a potential change in trend and the small dots indicate potential buys/sells and/or short entry points. Both the indicator and the show me study come with an adjustable length input to make the trend indication smoother or indicate a quicker change in trend direction. The showme study comes with an additional input called "entry sensitivity" which when adjusted will yield either more or less potential entry points. The small entry dots will appear in the empty space to the right of the bar that just closed and one can either enter immediately as the dot appears or wait until the price retraces to the dot or close to it. Of course limit entry orders can be set at or near the price of the entry dot. Alerts can be set to notify you when the trend turns and when there is an entry indication.
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Customer Reviews
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Average Customer Rating:
 (1)
works perfect
April 30, 2020 Version: 1
By:AA11
Excellent indicator. Helps a lot with the right direction.
$2 mo
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Developer
Requirements
Tradestation 9.5 (Update 16)
Asset Type
Stock, Future, Forex, Option
Style
Intraday
Methodology
Trend
Analysis Techniques
Applications