OPEN-SOURCE SCRIPT
Advanced GET: Tom Joseph's XTL, DMA Cloud & Breakout Signals
The Expert Trend Locator ( XTL ) was developed by Tom Joseph to identify major trends, similar to elliott wave 3 type swings.
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added to the indicator is the recommended use to enter a position, as explained by Tom Joseph in his book Applying Technical Analysis:
Once a blue or red bar appears, the indicator signals an entry level, a stop loss level and two target levels (2nd is optional).
The levels can be shown until a new signal emerges or just above/below the breakout bar.
Finally, a cloud formed by two displaced moving averages (DMA) is included, which allow the trend to continue its momentum. During an uptrend the lower moving average could serve as a trailing stop, and during a downtrend the upper moving average could serve as the trailing stop.
Enjoy!
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added to the indicator is the recommended use to enter a position, as explained by Tom Joseph in his book Applying Technical Analysis:
Once a blue or red bar appears, the indicator signals an entry level, a stop loss level and two target levels (2nd is optional).
The levels can be shown until a new signal emerges or just above/below the breakout bar.
Finally, a cloud formed by two displaced moving averages (DMA) is included, which allow the trend to continue its momentum. During an uptrend the lower moving average could serve as a trailing stop, and during a downtrend the upper moving average could serve as the trailing stop.
Enjoy!
نص برمجي مفتوح المصدر
قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الرمز في المنشور يخضع لقواعدقوانين الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.
هل تريد استخدام هذا النص البرمجي على الرسم البياني؟
@FractalTrade_
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.