Quintalytics Trend Chop & Stop 19
COLORS
The Color GREEN indicates the presence of a Bullish Trend.
The Color RED indicates the presence of a Bearish Trend.
The Color YELLOW indicates that the market is Sideways a.k.a. Flat a.k.a. Choppy.
You have the option of COLORING the BAR to match the Current TrailingStop color.
You also have the option of applying a Smoothing to the TrailingStop line.
SETTINGS
The indicator has three parameters: Alpha, Beta, and Gamma. Changing these settings individually or in combination will yield varying results.
Adjusting ALPHA will affect the overall level of TREND detection.
Adjusting BETA will control the DISTANCE of the line away from the current market price.
Adjusting Gamma will control the level of CHOP detection.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact quintalytics directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact quintalytics directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.