OPEN-SOURCE SCRIPT
CM Indicator
About Indicator:-
1) This is best Indicator for trend identification.
2) This is based on 42 EMA with Upper Band and Lower bands for trend identification.
3) This should be used for Line Bar chart only.
4) Line bar chart should be used at 1 hour for 15 line breaks.
How to Use:-
1) To go with trend is best use of this indicator.
2) This is for stocks and options not for index. Indicator used for Stocks at one hour and options for 10-15 minutes line break.
3) There will be 5% profitability defined for each entry, 3 entries with profit are best posible in same continuous trend 4 and 5th entry is in riskier zone in continuous trend.
4) Loss will only happen if there is trend reversal.
5) Loss could only be one trade of profit out of three profitable trades.
6) Back tested on 200 stocks and 100 options.
1) This is best Indicator for trend identification.
2) This is based on 42 EMA with Upper Band and Lower bands for trend identification.
3) This should be used for Line Bar chart only.
4) Line bar chart should be used at 1 hour for 15 line breaks.
How to Use:-
1) To go with trend is best use of this indicator.
2) This is for stocks and options not for index. Indicator used for Stocks at one hour and options for 10-15 minutes line break.
3) There will be 5% profitability defined for each entry, 3 entries with profit are best posible in same continuous trend 4 and 5th entry is in riskier zone in continuous trend.
4) Loss will only happen if there is trend reversal.
5) Loss could only be one trade of profit out of three profitable trades.
6) Back tested on 200 stocks and 100 options.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。