satish goyani
Overview:
This script is an enhanced version of the popular HalfTrend indicator, designed specifically to filter out false signals during sideways or consolidating markets while reducing signal lag.
Key Features:
1. Built-in EMA Trend Filter: Automatically filters out counter-trend signals. When enabled, BUY signals only trigger when the price is above the EMA, and SELL signals only trigger when the price is below the EMA.
2. Customizable Sensitivity: Adjustable Amplitude and Channel Deviation settings to balance speed and accuracy across different trading styles.
3. Clean Visuals: Includes customizable arrows, buy/sell labels, and ATR-based channel ribbons.
4. Built-in Alerts: Fully compatible with TradingView alert conditions for automated trading and instant push notifications.
Recommended Settings:
- Timeframe: 15-Minute or 1-Hour charts for Intraday and Swing Trading.
- Trend Filter: 50 EMA (for faster response) or 200 EMA (for major trend confirmation).
- Amplitude: Set to 2 or 3 depending on your volatility preference.
Disclaimer: This indicator is for educational and informational purposes only. Always use proper risk management and stop-loss strategies when trading.
This script is an enhanced version of the popular HalfTrend indicator, designed specifically to filter out false signals during sideways or consolidating markets while reducing signal lag.
Key Features:
1. Built-in EMA Trend Filter: Automatically filters out counter-trend signals. When enabled, BUY signals only trigger when the price is above the EMA, and SELL signals only trigger when the price is below the EMA.
2. Customizable Sensitivity: Adjustable Amplitude and Channel Deviation settings to balance speed and accuracy across different trading styles.
3. Clean Visuals: Includes customizable arrows, buy/sell labels, and ATR-based channel ribbons.
4. Built-in Alerts: Fully compatible with TradingView alert conditions for automated trading and instant push notifications.
Recommended Settings:
- Timeframe: 15-Minute or 1-Hour charts for Intraday and Swing Trading.
- Trend Filter: 50 EMA (for faster response) or 200 EMA (for major trend confirmation).
- Amplitude: Set to 2 or 3 depending on your volatility preference.
Disclaimer: This indicator is for educational and informational purposes only. Always use proper risk management and stop-loss strategies when trading.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.