TCSE24 or Trendband Cycle Special Edition is designed to help create a simple trading plan by identifying potential Entry, Exit, Target Price, and Stop Loss. I use TCSE24 as a guide for short-term swing trading!

Please note, TCSE24 is not a directional indicator but fits better in Trend Following Strategy.

Only work with chart that have volume by default


Signals for Bullish Trade
1. Trendband Below Candlestick
  • Filled Red with a Purple Line.

2. Cycle Begin
  • Bar Color: Vivid Green.
  • Green Circle Above Candlestick: Target Price.
  • Green Circle Below Candlestick: Pullback Entry.
  • Red Circle Below Candlestick: Stop Loss.

3. Breakout
  • Bar Color: Lemon Green.
  • Green Circle Below Candlestick: Pullback Entry.
  • Red Circle Below Candlestick: Stop Loss.

4. Broken Minor Support
  • Bar Color: Yellow.
  • Price closes below the lowest low of the last 4 candles.

5. Volume Test
  • Green Triangle-Up below Candlestick.
  • Current bar shows 3 consecutive falling volumes.

6. Inside Bar
  • Orange Triangle-Up below Candlestick.
  • High and low are within the high and low of the previous candlestick.

7. Box Trading
  • Purple Diamond

8. Cycle End
  • Bar Color: Red.
  • Red Triangle-Up below Candlestick.

9. Info Panel
  • Background Green, turning Yellow after 20 bars from Cycle Begin.
  • Background Red when Cycle Ends.
  • Displays info such as Current Price, Target Price, Pullback Price, Stop Loss.


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Signals for Bearish Trade
1. Trendband Above Candlestick
  • Filled with Blue.

2.Short Selling Begin
  • Bar Color: Blue.
  • Blue Circle Above Candlestick: Stop Loss.
  • Blue Circle Below Candlestick: Target Price.

3. Breakdown
  • Blue Circle Above Candlestick: Stop Loss.

4. Short Selling End
  • Bar Color: White.
  • Blue Triangle-Down above Candlestick.

5. Info Panel
  • Background Blue throughout the trade.


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Bullish Trade Entry Suggestions
1. Ensure Cycle Begin is confirmed:
  • Buy near the closing price.
  • Use a Buy Stop 2 ticks higher than Cycle Begin's highest price.
  • Use a Buy Limit at the pullback price.
  • Wait for a signal candlestick, then Buy the next day if the price rises above the signal candlestick’s high.

2. Ensure Breakout is confirmed:
  • Buy near the closing price.
  • Use a Buy Stop 2 ticks higher than Breakout’s highest price.
  • Use a Buy Limit at the pullback price.

3. Box Trading:
  • Buy on the third day (T3).
  • Buy above the Box Trading line.

4. Candlestick Signal:
* Ensure the signal candlestick is confirmed:
  • Look for Doji, Spinning Top, or Hammer patterns.
  • Buy the next day if the price rises above the signal candle's high.

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Bullish Trade Exit Suggestions
1. Target Sell
  • Sell when the Target Price (TP) is reached or hold as long as Stop Loss isn’t hit.
  • Sell if the price doesn’t move, doesn’t reach the target, or doesn’t hit the Stop Loss after 20 candles from Cycle Begin.
  • Sell if the price closes below the Stop Loss.

2. Candlestick Signal
  • Look for Doji, Spinning Top, or Hammer patterns.
  • Sell the next day if the price drops below the signal candle's low.


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Bearish Trade Suggestions
Ensure Short Selling Signal or Breakdown is confirmed:
  • Sell near the closing price.
  • Close the position at Target 1, Target 2, Target 3.
  • Close the position if Stop Loss is hit or when Short Selling End appears.


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Any alert() function call freq
Once_per_bar_close
  • Cycle Begin, Inside Bar, Doji, Hammer, Spinning Top, Box Trading, Volume Test, Short Selling

Once_per_bar
  • Breakout, Cycle End


For educational purposes only and should not be taken as advice on how to invest your capital. Always speak with a professional financial planner or advisor before making any investment decisions.
Bands and ChannelseducationalMoving Averagestrendbandcycle

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