The Tilson Bull-Bear marker is using 2 Tilson moving averages and their divergence to identify bull and bear trends and reversals (potential entry or exit points).
How to use it: Fast T3 (thick line) above thin line / solid blue fill color = ongoing bull trend Slow T3 (thin line) above thick line / solid red fill color = ongoing bear trend Shrinking or expanding divergence between the lines = trend is getting hotter or cooling down Fast T3 (thick line) changes color from blue to red = potential trend reversal from bullish to bearish Fast T3 (thick line) changes color from red to blue = potential trend reversal from bearish to bullish
(No financial advise, for testing purposes only)
ملاحظات الأخبار
⋅
New Revision - added markers (triangles) and corresponding alertconditions (
I am Japanese. I found your indicator when websurfing. It' s usefule for me. I have a question. If I use alert, I recognized two plot. and I didn't understand how to use. Could you teach us how to use.
Lantzwat
⋅
@agokajima, give me a few days and I will add dedicated alerts to the script for the turning points.
Lantzwat
⋅
@agokajima Alert conditions are now available. Please see source code for the description.