OPEN-SOURCE SCRIPT
Diupdate

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

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