A trend trading study which allows trend line to work as stoploss level. Take profit and re-entry points have been remastered with trend algorithm.
Fill indicates Strong Trend Cross indicates End of Trend -- El relleno indica una fuerte tendencia cuando el Di supera "Level Trend" El cruce de Di+ con Di- indica el fin de la tendencia Cuando el valor del ADX es menor a "Level Range", estamos en Rango
The Range Action Verification Index or RAVI as it is commonly known is a trend detection indicator. When RAVI is greater than 1% for longs and -1% for shorts (FX setting), the currency is in a trend. The standard MA settings are 7 and 65 days for use on the daily chart, which are the cycles of 7 days and 3 months. For trading the hourly charts the moving averages...
Bar Colors based on trend breaks Trend lines not included, just drawn as an example of what is happening.