TTC: Triangular Trend Channel

TTC: Triangular Trend Channel is a script to dynamically create a trend channel on the move. It uses open, high, low, close, simple moving average inputs for it's plot lines.

Default color coded in top to bottom price order:

green = top
orange
blue
white = center (9sma)
purple
yellow
red = bottom

The base sma is 9, but all default settings can be changed to suit your needs in the dialogue box. Depending on the time frame chart, you can dial in the accuracy by adjusting the default settings.


Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com/u/growerik/

Versionsinformation:

Added a break down & break out envelope

Versionsinformation:

upgrade to version 5

Versionsinformation:

header update

Versionsinformation:

Added VWAP anchor option.