EvoCrypto

Trends & Ranges

Trends & Ranges uses EMA ATR bands as a SuperTrend indicator.

How to use:
This indicator can be used to give you a direction bias, with the added function to create ranges which often lead to reversals or flat trading periods. Trade the break-out or wait for pull backs in the direction of the trend.

I'm not great at explaining stuff and will probably make things only more complicated, so I won't bother for now,
but if you have a question on how the script works I will gladly give it a try.

The option "Flexible Trends" will disable the min/max function (trailing or non trailing).

Flexible Trends enabled:

Flexible Trends disabled:

Settings are not optimized for any asset or time frame, you will have to do that for yourself. Feel free to share them in the comments.
Thanks for showing interest, enjoy and good luck! :)

Release Notes: Fixed a typo
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Comments

What values are taken in super trend sir
Reply
EvoCrypto sekhar6239
@sekhar6239, What do you mean ?
+1 Reply
sekhar6239 EvoCrypto
@EvoCrypto, period and multiplier broo
Reply
Thanks for sharing, you're doing a great job! Can you share your best setting for BTC, thanks?
Reply
EvoCrypto ilesanmipepsi
@ilesanmipepsi, Thank you! That depends on how you want to use it, simply to give you a bias and use other indicators or take signals right when the trend changes.. then there is the option "Flexible Trend" which works different for each time frame. Overall i like the default settings for the daily how they are, for time frames like 1 hour I would use flexible trends since the close is not that strong as on the daily.
Reply
ilesanmipepsi EvoCrypto
@EvoCrypto, I appreciate you for taking your time to drop this explanations! Thanks once, again.
Reply
Looking for the indicator like above for a long time!
Hope for MQL4 version!
Reply
EvoCrypto sonychen59
@sonychen59, Never used it so can't help you there.. But learning a coding language is easier than you might think, only getting started is the hard part.
+1 Reply
sonychen59 EvoCrypto
@EvoCrypto, Thank you anyway.
Reply
Hi..very good indicator...how to add alerts for buy and sell??
Reply
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