I mean, it is clear that this trending down, and when signal is up, always line green, no trades.

ZZTop wrote: Wed May 26, 2021 10:41 pm I mean, it is clear that this trending down, and when signal is up, always line green, no trades.


no sell.PNG

It is best used on daily charts with small indicator periods.
Buy day on AUDUSD today

Divergences are present, but even against the trend on the divergences, the day signals are accurate
The indicator cannot predict every bar, but what it shows is always very accurate

That my example is AUDUSD Daily.

ZZTop wrote: Wed May 26, 2021 11:04 pm That my example is AUDUSD Daily.

If your default periods are 8, then this is better for hourly charts, because 8 hours is one trading session, this is the minimum market cycle.
For daily, period 3 is better, because this is half of the trading week and the signals are better. This is a certain cyclicality of the market and the indicator settings need to be done accordingly.

ZZTop wrote: Wed May 26, 2021 11:04 pm That my example is AUDUSD Daily.

If you put 5 or 10 periods on a one or two week cycle, you will have a trend indicator.
Period 3 on these timeframes inside these cycles and gives signals on each bar

It is same settings what you have.

It should be noted that when the indicator breaks through the level, then this is a strong recoilless trend on which the necessary signals are unlikely to appear

Something wrong with colors, it is not the same in uptrend and downtrend.

ZZTop wrote: Wed May 26, 2021 11:27 pm Something wrong with colors, it is not the same in uptrend and downtrend.

Maybe.
I didn’t make this indicator, because I’m not a programmer. Maybe there are errors in the code.
I asked to do it with some additions in the form of signals fractals adjustable.
Most likely it will be a very good indicator.

mrtool please convert this indicator to moving average
https://www.tradingview.com/script/owww ... erage-ADX/