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Trendbandcycle

TCSE24TCSE24 or Trendband Cycle Special Edition is designed to help create a simple trading plan by identifying potential Entry, Exit, Target Price, and Stop Loss. I use TCSE24 as a guide for short-term swing trading! Please note, TCSE24 is not a directional indicator but fits better in Trend Following Strategy. Only work with chart that have volume by default Signals for Bullish Trade 1. Trendband Below Candlestick Filled Red with a Purple Line. 2. Cycle Begin Bar Color: Vivid Green. Green Circle Above Candlestick: Target Price. Green Circle Below Candlestick: Pullback Entry. Red Circle Below Candlestick: Stop Loss. 3. Breakout Bar Color: Lemon Green. Green Circle Below Candlestick: Pullback Entry. Red Circle Below Candlestick: Stop Loss. 4. Broken Minor Support Bar Color: Yellow. Price closes below the lowest low of the last 4 candles. 5. Volume Test Green Triangle-Up below Candlestick. Current bar shows 3 consecutive falling volumes. 6. Inside Bar Orange Triangle-Up below Candlestick. High and low are within the high and low of the previous candlestick. 7. Box Trading Purple Diamond 8. Cycle End Bar Color: Red. Red Triangle-Up below Candlestick. 9. Info Panel Background Green, turning Yellow after 20 bars from Cycle Begin. Background Red when Cycle Ends. Displays info such as Current Price, Target Price, Pullback Price, Stop Loss. ________________________________________ Signals for Bearish Trade 1. Trendband Above Candlestick Filled with Blue. 2.Short Selling Begin Bar Color: Blue. Blue Circle Above Candlestick: Stop Loss. Blue Circle Below Candlestick: Target Price. 3. Breakdown Blue Circle Above Candlestick: Stop Loss. 4. Short Selling End Bar Color: White. Blue Triangle-Down above Candlestick. 5. Info Panel Background Blue throughout the trade. ________________________________________ Bullish Trade Entry Suggestions 1. Ensure Cycle Begin is confirmed: Buy near the closing price. Use a Buy Stop 2 ticks higher than Cycle Begin's highest price. Use a Buy Limit at the pullback price. Wait for a signal candlestick, then Buy the next day if the price rises above the signal candlestick’s high. 2. Ensure Breakout is confirmed: Buy near the closing price. Use a Buy Stop 2 ticks higher than Breakout’s highest price. Use a Buy Limit at the pullback price. 3. Box Trading: Buy on the third day (T3). Buy above the Box Trading line. 4. Candlestick Signal: Ensure the signal candlestick is confirmed: Look for Doji, Spinning Top, or Hammer patterns. Buy the next day if the price rises above the signal candle's high. ________________________________________ Bullish Trade Exit Suggestions 1. Target Sell Sell when the Target Price (TP) is reached or hold as long as Stop Loss isn’t hit. Sell if the price doesn’t move, doesn’t reach the target, or doesn’t hit the Stop Loss after 20 candles from Cycle Begin. Sell if the price closes below the Stop Loss. 2. Candlestick Signal Look for Doji, Spinning Top, or Hammer patterns. Sell the next day if the price drops below the signal candle's low. ________________________________________ Bearish Trade Suggestions Ensure Short Selling Signal or Breakdown is confirmed: Sell near the closing price. Close the position at Target 1, Target 2, Target 3. Close the position if Stop Loss is hit or when Short Selling End appears. ________________________________________ Any alert() function call freq Once_per_bar_close Cycle Begin, Inside Bar, Doji, Hammer, Spinning Top, Box Trading, Volume Test, Short Selling Once_per_bar Breakout, Cycle End For educational purposes only and should not be taken as advice on how to invest your capital. Always speak with a professional financial planner or advisor before making any investment decisions.
Pine Script® indicator
by BURSATRENDBANDCHART
4
Trend Tracer [Cloud] (Expo)█ Overview The Trend Tracer (Expo) indicator identifies and predicts the future market direction. The cloud is designed to make it easier to see when a market is trending in one direction or another and to help traders identify potential entry and exit points, as well as trend changes. It is a visual representation of the price's momentum, price action, and volatility by using the trend range in a cloud-like pattern. The bigger the cloud, the more momentum the price has. █ How is the trend tracer cloud calculated? The primary function used in the code is an extension of traditional single-smoothed moving averages, using a more sophisticated weighting system to reduce the effect of short-term fluctuations and provide a clearer view of the underlying trend. Using this function, we get a unique leading trend tracer while maintaining a robust long-term trend tracer. This allows for more accurate trending signals and helps reduce the amount of noise in the data. █ Trend Cloud Trading Trend Cloud Trading is a type of trading based on technical analysis that uses a tool called a trend cloud. A trend cloud is a graphical representation of how a certain asset or instrument is trending over a specific period of time. The trend cloud will highlight areas where there is high volatility, low volatility, and the current trend direction and its strength. █ How to use One way of using the indicator is to look for a "cloud break," which is when the cloud turns from red to green (or vice versa) and indicates a change in the trend. S/R Levels The Trend Tracer Cloud can be used to find support in a bullish trend and resistance in a bearish trend. If the cloud is sloping downwards in a bearish trend, traders can look for potential resistance levels at the highs of the cloud. Similarly, if the cloud is sloping upwards in a bullish trend, traders can look for potential support levels at the lows of the cloud. Volatility The width of the cloud is used to determine if there is high or low volatility. Strength The deviation between the leading trend advisor line and the price determines whether a trend is strong or weak. The larger the deviation, the stronger the trend move. █ Indicator Features Trend Cloud It highlights the trending range, current volatility, and trend direction. Trend Advisor - leading and trending + cloud The leading trend advisor highlights the short-term trend strength and momentum, while the trending trend advisor highlights the underlying long-term trend. Trend Tracker The Trend Tracker is a fast-moving trend-following line that combines long-term and short-term trend characteristics. Trend Candlesticks The Bar coloring uses momentum to highlight the current trend direction. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® indicator
by Zeiierman
21