True Barcolor

Heikin Ashi can be useful for understanding trend based on price action but it doesn't take volume in context. Here I have tried to use volume for understanding true bar color and ultimately true trend analysis. It can also help you in not getting trapped in sudden shakeouts. Also, you can use it for averaging of your existing position.

Conditions used:

Relative closing price
Relative volume against previous bar and overall moving average of volume
Volume analysis
Trend analysis

https://www.tradingview.com/x/WTpg7g9S/

Catatan Rilis

Updated to version 5

Catatan Rilis

Trailing stoploss is added in the script to highlight when to minimize the risk and Improve R:R ratio

Catatan Rilis

Limited number of Trailing stoploss lines display period.

Catatan Rilis

Trend reversal must be confirmed by closing above or below trailing Stoploss

Catatan Rilis

Tutorial for the script added along with the the scenario like supertrend

Catatan Rilis

Indicator name change

*potential entry points added

*reversal signals are added for profit booking

Catatan Rilis

Few updates on stoplosses !!

Catatan Rilis

Trailing SL updated

Skrip open-source

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

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Pernyataan Penyangkalan

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Skrip open-source

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