SBER's Trend Jinni (Real/False Trend Detector)
Trend Jinni indicator can be used for scalping, day trade, swing trades, short term or for investment analysis of equities, indices, currencies, and commodities. It provides easy to visualize multiple pieces of critical information:
1) Finds opportunity with major trade change information
2) Fake moves / Fake / False or fading trends
2) Support/resistance level
4) When not to be in the trade
5) Stop loss information
Why Trend Jinni? It analyzes information and presents it much before other lagging indicators and adapts to the changes in securities
How to read Trend Jinni?
Jinni line color:
Red = Sell side trade
Green = Buy side trade
Black = No trade zone
Best entry point is the one which is closest to the Jinni price line.
Trade is recommended to be closed when price is below Jinni line (in case of buy side trade) or it is above Jinni line (in case of sell side trade)
What time frame should I use?
1 min = Very aggressive traders / Scalpers
5 min = Aggressive day traders
15 min = Patient day traders
60 min = Swing traders/Short term traders
1 day = Long term traders/Short term traders
Targets are indicative and must be be followed with Technical Analysis.
Targets move with Jinni Line.
Added option to show/hide possible targets and textual information
Option to change colors of markings on screen
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact WaveNodes 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.
Twitter: twitter.com/wavenodes
To get access to any our locked script, connect with us at wavenodes.com/
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact WaveNodes 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.
Twitter: twitter.com/wavenodes
To get access to any our locked script, connect with us at wavenodes.com/