Protected highs lows and trend detected
45 USD
Demo downloaded:
117
Published:
11 December 2023
Current version:
1.10
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Is it correct that the vertical trend line plots skew and not vertically? See picture attached.
Is it correct that the vertical trend line plots skew and not vertically? See picture attached.
Because of mql drawing. so the line is not vertical 100%. But it same meaning.
Buy the way, you can use "Use Valid Pullback Criteria" = true for better signal.
The "Use Valid Pullback Criteria" is: When looking at the swing high that price must close above for a BOS/MSS, in order to form a valid protected low, price must first close below the low of the candle that made the swing high (and vice versa for protected highs)
Trend Candles,
I like the trend candles, please consider to add feature to show the trend candles that are Bull and Bear candles within the trend.
This will be very much helpful in that one can identify order blocks within the trend. At the moment the trend candle is the same colour for both bull and bear candles.
Will be much appreciated.
NB: This is already an Awesome indicator!
Trend Candles,
I like the trend candles, please consider to add feature to show the trend candles that are Bull and Bear candles within the trend.
This will be very much helpful in that one can identify order blocks within the trend. At the moment the trend candle is the same colour for both bull and bear candles.
Will be much appreciated.
NB: This is already an Awesome indicator!
Thank Eris for nice advice.
I will try to add OB within trend and release upgrade version in soon.
May i ask What is "trend candles that are Bull and Bear candles" is it traditional candle pattern? (Now, my trend candle is just change all candle within trend by trend color)
If we clear with trend candles, i will try to add it into indicator also.
Last, you can choose change color of candle by trend or not by this setting.
Thank Eris for nice advice.
I will try to add OB within trend and release upgrade version in soon.
May i ask What is "trend candles that are Bull and Bear candles" is it traditional candle pattern? (Now, my trend candle is just change all candle within trend by trend color)
If we clear with trend candles, i will try to add it into indicator also.
Last, you can choose change color of candle by trend or not by this setting.
Thank you for your reply.
So, traditional candles will be normal candle colours (Trend Candles = false setting in indicator)
Whereas, Trend candles = True setting in indicator plus will also show the OB's.
i.e:
in Bullish trend also show the bear candles.
in Bearish trend also show the Bull candles.Hope I explained it clearly, Thank you for your consideration.
See sample attached.
Because of mql drawing. so the line is not vertical 100%. But it same meaning.
Buy the way, you can use "Use Valid Pullback Criteria" = true for better signal.
The "Use Valid Pullback Criteria" is: When looking at the swing high that price must close above for a BOS/MSS, in order to form a valid protected low, price must first close below the low of the candle that made the swing high (and vice versa for protected highs)
Thank you for your reply.
I merely thought that the down slope line should be as \ and the up slop line should be as /.
Thank you for the indicator. Its very useful.
Good Day Minh,
Request:
Please add a feature by an extension line that extends an Unmitigated Protected High and Low until it is tapped. See picture attached. Addition will be much appreciated.
feature by an extension line that extends an Unmitigated Protected High and Low until it is tapped
Thank Eris for suggestion.
I have add 2 new feature ver 1.8:
+ extends an Unmitigated Protected High and Low
+ display OB following trend candle
Please, see description for more detail! and how to setting.