Trend Action

v10.3
Trend Action
This indicator uses candlestick configurations to output multiple results.
It calculates according to the body and wicks of the candle their meaning, e.g. a small bullish body with a large high wick indicates an effort of the salesman on the candle in the yard, etc…
All the configurations are given on the “Trend Action” histogram.
With the results, the indicator makes a mean calculation based on the hull method and a standard deviation to give the cloud.
the cloud is composed of two lines, UP which translates the buying power of the last 9/26/52 period and DW which translates the selling power of the same period, the cloud then gives the dominant meaning
In the cloud, a line named force and calculate on UP + DW / 2, in this way, the line becomes green when the opponent becomes dominant and red when the take is undecided for the direction

It is therefore added on the price another indicator to see the information given on the price directly.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Maxime Baudin • 09/14/2020 #

    Thank you! Great work

  2. IV Mcm • 09/14/2020 #

    V2 is coming

  3. SudhirRN • 09/14/2020 #

    is this code working for on tradingview plartform?

    • Nicolas • 09/14/2020 #

      No. All our codes are made to be used with ProRealTime trading platform: https://www.prorealtime.com

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