Trend & Contrarian (Expo)

Trend & Contrarian (Expo) is a powerful trend tool with adaptive contrarian- signals. A strong trend is displayed by the background color and the unique Trend dots/line can be used to confirm a strong trend or to identify early trend reversals. The contrarian-signals are adapting dynamically to price moves and should be used as 'preparation' or 'warning' prior to trigger, should be confirmed by a trend reversals signal or by other indicators.

The contrarian signals should only be used if the user fully understands how they work, please test the feature before entering a trade based on it. However, these signals can be very valuable if used correctly.

• Green background color ➞ Strong Positive Trend
  
• Red background color ➞ Strong Negative Trend
  
• No background color? ➞ No strong trend. The Trend Dots/line determine the trend
  

HOW TO USE

• Identify strong trends
  
• Identify trend reversals
  
• Identify contrarian signals
  

INDICATOR IN ACTION

4-hour 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!


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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

Versionsinformation:

Improvements!

• Strong Trend Alerts Added (Green Bg = Strong Positive Trend & Red Bg = Strong Negative Trend)
  
• Trend Alerts Added (When the Trend line shift color)
  

Versionsinformation:

Improvements!

• Buy/Sell Signals (with alerts) Added
  
• Peak Profit Calculation Added
  
• Suggested take-profit circles (with alerts) Added
  

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Improvements!

• Stability improvements
  
• ShortTerm Trend Added
  

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Improvements!

• Early Signals Added
  

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Improvements!

• Peak Profit Alerts Added
  

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Improvements!

• Performance Improvements
  
• Optimization of the settings layout
  
• Trend Projection Added
  

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Improvements!

• Improved computing performances
  
• Minor changes
  

Versionsinformation:

Improvements!

• Performance Improvements
  

Versionsinformation:

Improvements!

• Performance Improvements
  

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Improvements!

• Trend continuation signals added
  

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Improvements!

• Performance improvements
  
• Alerts added
  

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Take Profit Alerts Added

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• Probability Cloud
  
• Enhanced Signals
  

Versionsinformation:

Minor performance improvements

Versionsinformation:

Performance Improvements