PROTECTED SOURCE SCRIPT
Triple Momentum Confluence Oscillator
已更新
Slightly lagging oscillator, that provides strong trending signals.
Consists of 3 indicators:
'The line'- the quickest to react to price movement
'The wave'- medium term visual aid.
'The ribbon''- trending price direction.
How to use- look for confluence of all 3 turning the same color. Essentially the indicator seeks to short any oversold readings in a downtrend and vice versa.
Tip 1: 'Anchor Trigger' trigger strategy is plausible with TMCO
Tip 2: Look at multiple timaframes, every significant move is an obvious trade on one or the other timeframe.
Tip 3: This is not divergence indicator, it may or may not show you divergence.
The indicator has alerts however these are far from perfect for multitude of reasons, but they can still provide decent entries.
Consists of 3 indicators:
'The line'- the quickest to react to price movement
'The wave'- medium term visual aid.
'The ribbon''- trending price direction.
How to use- look for confluence of all 3 turning the same color. Essentially the indicator seeks to short any oversold readings in a downtrend and vice versa.
Tip 1: 'Anchor Trigger' trigger strategy is plausible with TMCO
Tip 2: Look at multiple timaframes, every significant move is an obvious trade on one or the other timeframe.
Tip 3: This is not divergence indicator, it may or may not show you divergence.
The indicator has alerts however these are far from perfect for multitude of reasons, but they can still provide decent entries.
版本注释
Added 'Knife'A more sensitive version of 'line'. Use to spot precise trend reversals in confluence with the ribbon and wave. E.g.- red ribbon and red wave, look for lower highs (trigger anchor) on the knife for short entries.
版本注释
Visual clarity adjustments. Shortened the default length of line and wave= improved trigger anchor strategy as well as earlier entries.
Knife default settings same as wave and line, feel free to lower or increase the values.
My current set up 7/7 7/7 14/400 knife disabled.
Some screenshots of trades I would take on various time frames.
版本注释
V2Visual changes to appear more like an oscillator.
Knife removed.
Ribbon moved slightly down.
RSI added - changes color when crossing 70/30 levels.
More alerts- ability to set ALL buy and sell confluences.
版本注释
Alerts now work as intended ! 版本注释
v3Added automatic convergence detection.
Small triangles= low risk/low reward.
Big triangles= high risk/high reward.
版本注释
Settings adjusted Added OB/OS background highlights
版本注释
Ribbon now uses security function instead of simple length multiple.Added stochastic- use to better filter trades.
Pro trend convergence indicated by diamonds.
Stochastic OB/OS indicated by Xs.
When both conditions above are met, diamond+X.
The alerts set up for only the convergence.
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。