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已更新 Kilted Strength Meter v2.0
KILTED STRENGTH METER v2.0
Description: Uses the Average Directional Index (ADX) standard values however observes the following strategy, to assist with trade setups and providing confluence:
SETTINGS AND EXPLANATION
1. There is an entry line to identify a trend entering mode which is the setting "ADX Entry", for which a trade is being setup and preset at 20 as a good entry point default
2. There is an exit line to identify when the trend is ending which is the setting "ADX Exit", for which an existing trade should be reviewed for taking profit for when the bull(blue line) or bear(red line) crosses this line
3. When the signal line is below 20 (thick white line) then we are moving sideways and don't want to trade
4. When we cross the ADX entry Line we determine if it's an uptrend (using blue line also above ADX entry), or downtrend (using red above ADX entry). When this event occurs we paint a small white dot to signal a setup may be presenting for setup
TRADE STRATEGY SETUPS
1. The LARGE dots only appear when a BUY or SELL signals presents itself which is when the ADX is combined with the RSI indicator which is outlined below
2. The small dots only appear when a BUY or SELL presents a trade entry to be used with confirmation with other strategies, as a tool for confluence
BUY :
1. we have a small white dot with a large BLUE dot (ADX showing an uptrend and we have an overbought RSI reading which is exactly what we want, which is buyers stepping in pushing the RSI over the 70 level which is what we use for confluence)
SELL :
1. we have small white dot with a LARGE RED dot (ADX showing a down trend and we have an oversold RSI reading which is exactly what we want which is sellers stepping in pushing the RSI below the 30 level which is what we use for confluence)
ALERTS
- BUY AND SELL alerts are coded into the indicator so that you don't need to stare at charts and can receive an alert once the BUY and SELL dots are triggered.
- EXIT alerts are also code into the indicator so that you can be notified when a trend has run and is now seeing exhaustion and look to go in the opposite direction. Remember EVERYBODY talks about finding great entries and signals but don’t mention when is a good time to get out which should be part of all good strategies.
Description: Uses the Average Directional Index (ADX) standard values however observes the following strategy, to assist with trade setups and providing confluence:
SETTINGS AND EXPLANATION
1. There is an entry line to identify a trend entering mode which is the setting "ADX Entry", for which a trade is being setup and preset at 20 as a good entry point default
2. There is an exit line to identify when the trend is ending which is the setting "ADX Exit", for which an existing trade should be reviewed for taking profit for when the bull(blue line) or bear(red line) crosses this line
3. When the signal line is below 20 (thick white line) then we are moving sideways and don't want to trade
4. When we cross the ADX entry Line we determine if it's an uptrend (using blue line also above ADX entry), or downtrend (using red above ADX entry). When this event occurs we paint a small white dot to signal a setup may be presenting for setup
TRADE STRATEGY SETUPS
1. The LARGE dots only appear when a BUY or SELL signals presents itself which is when the ADX is combined with the RSI indicator which is outlined below
2. The small dots only appear when a BUY or SELL presents a trade entry to be used with confirmation with other strategies, as a tool for confluence
BUY :
1. we have a small white dot with a large BLUE dot (ADX showing an uptrend and we have an overbought RSI reading which is exactly what we want, which is buyers stepping in pushing the RSI over the 70 level which is what we use for confluence)
SELL :
1. we have small white dot with a LARGE RED dot (ADX showing a down trend and we have an oversold RSI reading which is exactly what we want which is sellers stepping in pushing the RSI below the 30 level which is what we use for confluence)
ALERTS
- BUY AND SELL alerts are coded into the indicator so that you don't need to stare at charts and can receive an alert once the BUY and SELL dots are triggered.
- EXIT alerts are also code into the indicator so that you can be notified when a trend has run and is now seeing exhaustion and look to go in the opposite direction. Remember EVERYBODY talks about finding great entries and signals but don’t mention when is a good time to get out which should be part of all good strategies.
版本注释
UPDATES18-May-2020 :
- Coded in alerts for white, blue and red dots with the most significant being white dots as they indicate the start of a trend after coming out a period of consolidation.
版本注释
We have added 2 new options for configuaration1. Show TimeFrame Detail :- this shows a detailed view of whether price is moving up, down or sideways which helps with breakouts after say a period of consolidation
2. Show TimeFrame Summary :- this by DEFAULT will be switched ON and will display price action in general with a flag for up, down or sideways which is designed for when you have say say three windows up for multi-timeframe analysis. It's main purpose is for using confirmation on bias to upside, downside or sideways across your chosen timeframes so that this can be seen at a glance
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除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
email us at : kiltedtrading@gmail.com if you would like access to any of our indicators
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系kiltedtrading。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
email us at : kiltedtrading@gmail.com if you would like access to any of our indicators
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。