Today, we are proud to release the Maverick :)
This is an awesome indicator for anyone that uses in their , so basically everyone!
What this indicator does, is it plots the current on the chart simply and intuitively the same way an expert trader would.
The problem with drawing is they can be subjective.
This is especially confusing for newer traders.
It can be hard to draw consistently accurate , or even to see the ones that are right in front of you!
What’s so great about this indicator is it takes the subjectivity out of drawing and does it all for you!
The are the main feature of this indicator, so we’ll start with that.
The way it works is simple: It draws from one low/high to another, connecting the two points together to form a .
It then extends this out into the future to look for when the price may break above or below it.
This way, you can see where the breaks and receive alerts as soon as it happens.
Notice how the dotted line extends past the solid line into the future.
This is the extension of the , which will help you look for future breaks in that line.
You can customize how far you want this dotted line to extend by changing the number in the “Extend (Length):"
Putting a large number here will extend the dotted line further.
The also updates when a new highs or lows that have been made:
You can also show the other side of the if you wish.
By default, there will just be one drawn based on what the trend is.
If it’s an uptrend, you’ll have a from one swing low to another, forming an upward sloping line.
But if you want to show the “other side” of that , you can uncheck that box and it will draw a parallel line on the swing highs.
This can be helpful to see the areas of resistance the trend might face.
Alerts & Breaks
Another powerful feature of this indicator is the alerts feature.
You can receive both visual alerts on your chart, as well as TradingView alerts to your email, phone, etc.
All you have to do, is simply set the number of past breaks to look for.
So for instance, if you only want to receive an alert the first time price breaks a , just put “1” in the input for “Number of Breaks to show”.
If you want to receive an alert every time the price has broken the , put a larger number in the box. (The max is 10)
By default, the indicator will only look for the first break in the and ignore the rest.
Here is another setting that people may get confused on:
“Only display green arrow when price breaks downtrend (red) line and vice versa for red arrows.”
If this setting is turned on, the chart will only display an uptrend arrow when price breaks above a downtrend line.
So say you have a downtrend (red) line and price breaks above it.
That could be considered a sign and you will receive a green arrow on your chart.
Now let’s say price retraces and falls back down below that same downtrend line.
If you have this setting turned on, you won’t receive an alert for when price breaks below the downtrend line. We only care about when it breaks above this line.
However, if you have this setting turned off, you will receive an alert.
***Please note that, I don’t ever use these for buy and sell signals as they would likely not be accurate enough. Possibly in the future, we will code a strategy using as I do think there is potential there. But for now, use these in conjunction with additional TA to determine your entries, etc.
We have also added in the option to show Adoptive .
This is a super helpful feature that will allow you to see the in a different way.
Personally, I find myself using the adoptive , along with the regular , and our Maverick Supporter indicator together a lot.
Let us know if you have any questions, comments, or feature suggestions by commenting down below.
I tried registering on https://members.cryptomavericks.io/ and activated the same.
I am interested in the Maverick Trend Lines indicator.
Please advise me on how I can get access to the indicator.