Hello everyone, it's been a while I've published anything, and today I'm back with something different.
Presenting the Retail Insider Trend following Indicator.
Disclaimer: This is not financial advice, and I'll recommend you to do your own research and manage risk properly before taking any trades.
After a month of learning Pinescript and experimenting with code to come up with a trend-following indicator, I think I found something that can be useful for the community.
I published the indicator free of cost, open-source, for anyone with a tradingview account to use.
(In case you don't have an account, please feel free to follow this link and open an account: https://www.tradingview.com/gopro/?share_your_love=Bee_a_Trader )
This is a simple trend-following indicator that is optimized to be used on higher timeframes (like 4hours, or 6 hours, or 1 day, etc). and should give early trend-changing alerts/entries.
If you have the pro or above on tradingview, you can use more than 1 alert.
But either way, you can use the indicator free of cost even if you are on a free account.
So do check the link out for the indicator, and give a follow to show support.
Here's the indicator link:
https://www.tradingview.com/script/a8ZKQCiM-Retail-Insider-Trend-Following-HTF-ONLY/
In simple terms, if the price goes above the offset and closes, it should confirm a bull market,
and, if the price goes below the offset and closes below, it should confirm a bear market.
I have used a simple moving average function to use some delay, to avoid choppy trends and no trends, and to alert us only if there is a clear trend change.
If you want to support me, join FTX with my referral link: https://ftx.com/referrals#a=beehivetrader
If you liked the article, please this with your friends and circles, and also spare an upvote for me, so that I get motivated to keep sharing market insights and analysis :)
Click this to get onboarded and start earning on Hive
Posted Using LeoFinance Beta
Congratulations @beehivetrader! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 23000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz: