Trend Meter
Bullish Uptrend
To determine bullish uptrend there must beat least 2/3 green squares. This is a great predictor that a uptrend is coming.
Bearish Downtrend
To determine bearish downtrend there must beat least 2/3 red squares. This is a great predictor that a downtrend is coming.
For best results use with "Stochastic RSI + background color change" (Combined indicators)
When buy signal on "Stochastic RSI + background color change" and trend meter has a minimum of 2 green squares then this is a great buy entry.
When sell signal on "Stochastic RSI + background color change" and trend meter has a minimum of 2 red squares then this is a great sell entry
To determine bullish uptrend there must beat least 2/3 green squares. This is a great predictor that a uptrend is coming.
Bearish Downtrend
To determine bearish downtrend there must beat least 2/3 red squares. This is a great predictor that a downtrend is coming.
For best results use with "Stochastic RSI + background color change" (Combined indicators)
When buy signal on "Stochastic RSI + background color change" and trend meter has a minimum of 2 green squares then this is a great buy entry.
When sell signal on "Stochastic RSI + background color change" and trend meter has a minimum of 2 red squares then this is a great sell entry
Versionsinformation:
Updated the Oscillators
Versionsinformation:
Added a Trend Master background color fill:
Added Alerts for both Green and Red Backgrounds.
-Green background = 3 green squares + price above 100 EMA (multiple options 100 200 400)
-Red background = 3 red squares + price below 100 EMA (multiple options 100 200 400)
Added Alerts for both Green and Red Backgrounds.
-Green background = 3 green squares + price above 100 EMA (multiple options 100 200 400)
-Red background = 3 red squares + price below 100 EMA (multiple options 100 200 400)