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Advanced MTF Trend Aligner with Confirmation
Advanced MTF Trend Aligner with Triple Confirmation is an institutional-grade technical analysis tool. This indicator is specifically designed for traders who want to capture high-probability trades and avoid over-trading and false signals that occur in sideways or choppy markets. This system works on the principle of confluence trading, meaning no signal is generated until the three biggest factors of the market, trend, momentum, and volume, align together.
How It Works:
This indicator uses a three-layer security cycle to filter the market.
The first is Multi-Timeframe Trend Alignment. Often breakouts seen on smaller timeframes fail because they go against the trend of the larger timeframe. This indicator tracks the Exponential Moving Average of two higher timeframes, such as one hour and four hours, in the background along with the live chart. For a buy signal, the current price and the price of both higher timeframes must be above their respective EMA. For a sell signal, the price on all three timeframes must be below the EMA.
The second is the Relative Strength Index, or RSI. Just having a trend is not enough, it is also important to have speed in that trend. The indicator checks the live reading of RSI 14. A bullish move is considered valid only when the RSI is above 52, which indicates strengthening bulls. A bearish move is considered valid only when the RSI is below 48, which indicates growing bears.
The third is Volume Confirmation. Whenever smart money enters the market, volume increases rapidly. This indicator compares the volume of the current candle with the volume moving average of the last 20 candles. The signal is printed only when the live volume is higher than the average volume.
Key Features and Improvements:
It is commonly seen that moving average based indicators flood the chart with signals in trending markets. A state machine logic has been used in this indicator, which does not print a new signal once a signal appears until the trend changes completely. This keeps your chart completely clean. To avoid confusion, the colors of the triangles and text of the signals are completely matched, such as dark green for buy and dark red for sell. You can easily change the EMA length, RSI levels, volume parameters, and higher timeframes by going into the settings according to your trading style.
How to Trade with This Indicator:
When a green triangle of confirmed buy appears on the chart, it is an ideal long entry point. Place the stop loss just below the previous swing low or the 50 EMA. When a red triangle of confirmed sell appears on the chart, it is an ideal short entry. Place the stop loss above the recent swing high or the 50 EMA. This indicator works excellently on all timeframes from 5 minutes to 1 day.
Disclaimer: No indicator is 100 percent accurate. Always use this tool with proper risk management and your own trading plan.
How It Works:
This indicator uses a three-layer security cycle to filter the market.
The first is Multi-Timeframe Trend Alignment. Often breakouts seen on smaller timeframes fail because they go against the trend of the larger timeframe. This indicator tracks the Exponential Moving Average of two higher timeframes, such as one hour and four hours, in the background along with the live chart. For a buy signal, the current price and the price of both higher timeframes must be above their respective EMA. For a sell signal, the price on all three timeframes must be below the EMA.
The second is the Relative Strength Index, or RSI. Just having a trend is not enough, it is also important to have speed in that trend. The indicator checks the live reading of RSI 14. A bullish move is considered valid only when the RSI is above 52, which indicates strengthening bulls. A bearish move is considered valid only when the RSI is below 48, which indicates growing bears.
The third is Volume Confirmation. Whenever smart money enters the market, volume increases rapidly. This indicator compares the volume of the current candle with the volume moving average of the last 20 candles. The signal is printed only when the live volume is higher than the average volume.
Key Features and Improvements:
It is commonly seen that moving average based indicators flood the chart with signals in trending markets. A state machine logic has been used in this indicator, which does not print a new signal once a signal appears until the trend changes completely. This keeps your chart completely clean. To avoid confusion, the colors of the triangles and text of the signals are completely matched, such as dark green for buy and dark red for sell. You can easily change the EMA length, RSI levels, volume parameters, and higher timeframes by going into the settings according to your trading style.
How to Trade with This Indicator:
When a green triangle of confirmed buy appears on the chart, it is an ideal long entry point. Place the stop loss just below the previous swing low or the 50 EMA. When a red triangle of confirmed sell appears on the chart, it is an ideal short entry. Place the stop loss above the recent swing high or the 50 EMA. This indicator works excellently on all timeframes from 5 minutes to 1 day.
Disclaimer: No indicator is 100 percent accurate. Always use this tool with proper risk management and your own trading plan.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
What You'll Get
Daily Forex signals with high accuracy
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Daily Forex signals with high accuracy
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Technical & fundamental analysis
Risk management tips to protect your capital
Join now and start profit daily free signal
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
What You'll Get
Daily Forex signals with high accuracy
t.me/+NlN-cj4zxHFhZDZk
Technical & fundamental analysis
Risk management tips to protect your capital
Join now and start profit daily free signal
t.me/+NlN-cj4zxHFhZDZk
Daily Forex signals with high accuracy
t.me/+NlN-cj4zxHFhZDZk
Technical & fundamental analysis
Risk management tips to protect your capital
Join now and start profit daily free signal
t.me/+NlN-cj4zxHFhZDZk
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.