This study draws a trend line for the last two Bill Williams up-fractals and down-fractals.
Trend line break signals and alerts can optionally be added.
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Bug fixed.
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RSI filter added.
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Narrow range bar added. Inside bar added. Outside bar added. Sandwich bar added. Pin bar added.
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Narrow range bar added. Fakey added.
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Improved the Fakey signal (F). Added early Fakey signal (f).
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Minor changes.
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Plot Fractals added.
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Reverse fractals added.
Segments added (taken from Joe Ross' books). These Segments are an early trend detection method. I will add Segments to my "The Strategy - ..." script in the next days.
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Changed segment signal plotting. Now the segment signal is not deleted if a segment series is no longer valid. By definition, the segment signal cannot be repainted. The segments follow higher lows and lower highs. Definition of a valid long signal: there are three segments and the current candle high is higher than the last candle high (high> high [1]).
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Tooltips added. Trend line bug fixed.
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General description added.
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Minor changes.
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Groups added. Minor chnages.
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Pin bar detection improved and minor changes.
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Screenshot issue.
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Segments- signal and documentation improved/changed.
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EMA cloud added.
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Horizontal support and resistance lines added.
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Multi time frame classic pivot points added.
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Source for SR-lines added.
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Attributes of drawn objects added.
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Pin bar revised.
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Divergence signal and momentum indication added.
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Removed the momentum indicator. You can use the "RSI with BG" script for momentum indication where you can toggle between RSI and RSI Stochastic. Minor changes/improvements.
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Quarterly classic pivot points added. Maximum outputs with this script reached.
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Minor changes.
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Uncommented daily and weekly pivot points (output restrictions). Added 6 month and 12 month pivot points.
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Script converted to Pine v5.
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Script revised. 1 week pivot point added. Signals added/revised.
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HMA slope as background color added. Trend line signals and bg signals can be displayed at the same time, now.
This is a method to detect a possible trend in an early stage. Of course you need entry and exit filters. As a flipping signal it looks quit poor. I have implemented these segments to see a backtest and how it works if it is traded in a mechanical way. If there are three segments, a breakout in segment direction is an entry signal. It is a sublite method to detect a new trend.