Color Trend

Combining the best of Price Action, Directional Movement, and Divergence / Convergence analysis, the Candle Color Trend is the easy and reliable way to identify the direction of the trend.

The indicator automatically paints the candles according to the premise that the upward trend is defined by prices that form a series of ascending tops and bottoms. On the other hand, the downward trend is defined by prices that form a series of descending tops and bottoms.



Color Trend is certainly one of the best filters for your trend-following strategy, but it is not recommended as a single input signal.

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Bruno Goncalves Mascarenhas
Indicators
Candlestick patterns The candlestick Pattern Indicator and Scanner is designed to be a complete aid tool for discretionary traders to find and analyze charts from powerful candle patterns. Recognized Patterns: Hammer Shooting star Bearish Engulfing Bullish Engulfing Doji Marubozu Scanner Imagine if you could look at all the market assets in all timeframes looking for candlestick signals.
Relative Strength Levy Classic
Bruno Goncalves Mascarenhas
Indicators
Classic RSL This is the classic indicator "Relative Strength Levy" (RSL), according to Dr. Robert Levy's study, called "The Relative Strength Concept of Common Stock Pricing", which was released as a hardcover book in late 60's of the last century. Key concept Use this indicator on various instruments to compare their relative strength: The resulting analysis values ​​will fluctuate around 1 The strongest instruments will have the highest RSL values ​​(above 1) and the weakest instruments wi
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