Aarika Trade with the Trend (ATT)
Hello traders, purpose of creating this indicator is simply trying to analyse the trend of any symbol.
This indicator is a modification-version of three different indicators from different authors, brought together to create a fine-piece of trend-finder.
This is combination of multi MAs to notice price action with different parameters and calculations.
This indicator generate Green/Red/Yellow bars once all the calculations comes to certain point.
This indicator can be used on any script like Indices, Stocks, Future, Currency & Crypto.
How to trade : This indicator is easy to use on any timeframe and on normal candlestick. Bar colour appeared on candle is based on some calculation and when all the condition are matched; so wait for full candle to be formed and once candle close then go for trade.
Rule for Long trade: Let the current candle form completely. If its a Green colour bar then it indicates a bullish momentum whereas Yellow bar may see a reversal of the current trend.
Rule for Short trade: Let the current candle form completely. If its a Red colour bar then it indicates a bearish momentum whereas Yellow bar may see a reversal of the current trend.
This is not a Holy Grail indicator which always gives profit but if you practice this indicator with consistency, your portfolio may give good returns.
Use proper money management before taking any trade. Go for paper trade and observe how this indicator behaves and once satisfied then only take real trade.
Add - on Feature : we have added HAMA in this indicator. Usually if HAMA is forming Green colour candles then it is a strong bullish trend, whereas Red HAMA candles show bearish trend.
Moreover, if our bar colours are Green and price is above HAMA, it usually shows strong Bull trend; and opposite side Red colour bars with price below HAMA may be seen as a strong Bear trend.
Disclaimer: Please make sure you study this indicator on different timeframes because inserted set of data may act differently on different scripts and may vary from timeframe to timeframe.
We advice you to use this indicator for trend-analysis and study purpose only. Author/publisher of this indicator is not responsible for your profit or loss if you use this indicator for trading purpose one way or another.
N.B.: We do not recommend using HeikinAshi charting for this particular indicator as the data inputs may behave differently than expected. If you have any query, you may comment below.
This indicator is a modification-version of three different indicators from different authors, brought together to create a fine-piece of trend-finder.
This is combination of multi MAs to notice price action with different parameters and calculations.
This indicator generate Green/Red/Yellow bars once all the calculations comes to certain point.
This indicator can be used on any script like Indices, Stocks, Future, Currency & Crypto.
How to trade : This indicator is easy to use on any timeframe and on normal candlestick. Bar colour appeared on candle is based on some calculation and when all the condition are matched; so wait for full candle to be formed and once candle close then go for trade.
Rule for Long trade: Let the current candle form completely. If its a Green colour bar then it indicates a bullish momentum whereas Yellow bar may see a reversal of the current trend.
Rule for Short trade: Let the current candle form completely. If its a Red colour bar then it indicates a bearish momentum whereas Yellow bar may see a reversal of the current trend.
This is not a Holy Grail indicator which always gives profit but if you practice this indicator with consistency, your portfolio may give good returns.
Use proper money management before taking any trade. Go for paper trade and observe how this indicator behaves and once satisfied then only take real trade.
Add - on Feature : we have added HAMA in this indicator. Usually if HAMA is forming Green colour candles then it is a strong bullish trend, whereas Red HAMA candles show bearish trend.
Moreover, if our bar colours are Green and price is above HAMA, it usually shows strong Bull trend; and opposite side Red colour bars with price below HAMA may be seen as a strong Bear trend.
Disclaimer: Please make sure you study this indicator on different timeframes because inserted set of data may act differently on different scripts and may vary from timeframe to timeframe.
We advice you to use this indicator for trend-analysis and study purpose only. Author/publisher of this indicator is not responsible for your profit or loss if you use this indicator for trading purpose one way or another.
N.B.: We do not recommend using HeikinAshi charting for this particular indicator as the data inputs may behave differently than expected. If you have any query, you may comment below.
Versionsinformation:
Alert condition has been added!
Simply, go to the script (symbol) of your choice, select the time-frame of your trading style.
Then select CREATE ALERT (Alt + A).
in Condition, select ATT and press Create.
All set to go!
Simply, go to the script (symbol) of your choice, select the time-frame of your trading style.
Then select CREATE ALERT (Alt + A).
in Condition, select ATT and press Create.
All set to go!
Versionsinformation:
Bug Fix!
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Bug fix.
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Alert option deleted for some reason!
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Added Moving Average Ribbon!
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CPR has been added in this update. So basically now we have a lot of in this indicator, from colored bars, HAMA, Multi Moving Averages and now CPR. I believe this should be enough to analyse the trend of the script. Those who don't know what is CPR, please make sure you learn how it works and see the how it reacts to your choice of stock/index/Fx, etc. Those who don't want to see some features in ATT, may always go to settings and untick those unwanted features and enjoy the rest. Thank you for your support and cooperation. :-)
Versionsinformation:
Minor change to make this indicator more perfect.
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Long / Short Alert created on HAMA.
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Minor update in default settings for a better view of the trend!
Versionsinformation:
Hello everyone. Requesting you to kindly update the almost best version of this indicator. After a long time, i've concluded that this version might work best on many scripts to see the clear Long term and Short term trend of the script. You might need to adjust the settings (where applicable) according to your convenience. I would recommend you to remove previous version of the indicator from your screen and reapply indicator to display latest version.
MA Line indicates short term trend, Heikin Ashi line clearly shows where the trend is going, and MA High/Low lines shows long term trend.
Thanks everyone for your support and love!
MA Line indicates short term trend, Heikin Ashi line clearly shows where the trend is going, and MA High/Low lines shows long term trend.
Thanks everyone for your support and love!
Versionsinformation:
Trailing Fib-retracement is added (replacing CPR levels), enabling user to trail a Stoploss. Please always backtest the indicator on the choice of your script before start using it. Author will never be responsible for any loss or capital wipe-out. Thanks.