Rider Algo #2: Trend Detection

23 Mar 2022

This indicators serves to:

• Easily detect Support and resistances
  
• Detect trend channels
  

31 May 2022

Sürüm Notları

Updated Channel colors green to red scale.

4 Tem 2022

Sürüm Notları

TR Fib perspective rebranding to Trend Rider Algo #2

- Added a New Feature: RSI extremes
- Find TR Fib perspective inside indicator settings
- New indicators will be added on this algo

11 Tem 2022

Sürüm Notları

As requested by our members:

- Added colors an opacity options for TR Fib Perspective
- Added alerts to detect when an asset is oversold/ overbought (above/Below RSI limits blue and orange lines(

12 Tem 2022

Sürüm Notları

small correction on oversold alert

26 Tem 2022

Sürüm Notları

Added All time high table and refence. To disable it just go to indicator settings and uncheck Show ATH table.

10 Ağu 2022

Sürüm Notları

Added a new sub indicator: Volume profile.

Waves indicate how much volume was traded at an specific price. horizontal line indicates the highest volume (HVL). When current price is above HVL lines is orange as it acts as support, when price is below HVL line is blue as it acts as resistance.

22 Eyl 2022

Sürüm Notları

Small update:
Added the option to display rsi overbought and oversold limit lines separately.

28 Eyl 2022

Sürüm Notları

Removed Trend Strength indicator from TR Algo #1 and added it to Algo #2.

4 Kas 2022

Sürüm Notları

-Added our new Trend Divider Band to our Rider Algo #2
- Added alert option for bullish/bearish Divider band crossover

9 Kas 2022

Sürüm Notları

A new sub indicator has been added: "Trend Continuation Strategy"

Objective: Signal potential longs and shorts on the same direction of the current trend.

Basically the idea is to catch bounces during a bull trend and rejections during a bear trend.

The key difference with our take profits and bounce signals is that TP and PB usually goes against the trend, so this "Continuation Strategy" is a perfect complement.

Very important:
- Set and stop loss before entering. VERY IMPORTANT for this indicators, do not aim to catch a big trend shift as this signals bounces/rejection only.
- Secure profits early.

Notes about the indicator:
- Red Candle: Pontential Short
- Green Candle: Potential Long
- Pay attention to the first candle that changes color, that is the leading signal, if you miss the entry and a second candle appears with the same color you can enter trade but only if the candle is on a better position versus the leading candle (ejm: for a short if a second candle appears above the leading candle then is a better risk/reward)

10 Kas 2022

Sürüm Notları

minor update

18 Kas 2022

Sürüm Notları

Added a buy/sell signal when there is a RSI line cross.

Use this as reference to start looking for a potential trade.

24 Kas 2022

Sürüm Notları

Major update:

----New "Key levels" indicator added.----

Indicator looks for swing and internal pivot points on the chart and draw colored boxes.
light green: Bullish Pivot
green: Strong Bullish Pivot
light red: Bearish Pivot
red: Strong Bearish pivot.

- Bullish Pivot are good areas to start looking for longs.
- Bearish Pivot are good areas to start looking for shorts.


----Divider Band ----
- Reduced default transparency

24 Kas 2022

Sürüm Notları

minor update

11 Ara 2022

Sürüm Notları

Update:
- added color customizacion colors, now you can select a predefined master color or select the 2 principal colors for the chart and all subindicator will change colors.

15 Ara 2022

Sürüm Notları

Added a new Red and Green neon theme and the option to change key leves transparency on the indicator settings.

13 Oca 2023

Sürüm Notları

Made changes to the ATH table

Now it displays distance to All time high AND percentual distance versus Divider Band lower limit.

13 Oca 2023

Sürüm Notları

minor fix to new table

27 Oca 2023

Sürüm Notları

Made modifications on the Key Levels subindicator

Now by default it will only show the nearest key levels , if you want the complete key levels just go to the indicator settings.

This change will help to avoid chart shrinking when changing assets.

8 Haz 2023

Sürüm Notları

New Features:

Divider Band
- Now changes color when 21WEMA goes over 200dsma.
- Can change both uptrend and downtrend colors on the indicator settings.

https://www.tradingview.com/x/Ohi3xZ0j/

Rsi Limit
- Signal now appear closer to price.

Key Levels
- Removed from Algo #2, now available on Algo #1

5 Eki 2023

Sürüm Notları

Rider Algo #2: Trend Detection

🎯 Objective:
Engineered to adeptly identify shifts, and ascertain the vitality or decay of prevailing trends

🔔 Included Indicators:

• Bull/Bear Signals
  
• Trend Strength
  
• Trend Hunter
  
• Rider Band
  
• Divider Band
  
• Impulse Colors
  
• Divider Band Crossover Bars
  
• Moving Average Master
  

🔄 Stability Maintained:
While each sub-indicator retains its core functionality, unveiling no direct changes, a meticulous reorganization of the options menu underscores our commitment to delivering a seamlessly navigable user interface.

16 Eki 2023

Sürüm Notları

Moving Average Master update.


1) The Moving Average Master now includes another layer, which can be disabled in the indicator options.
2) An option was added so that the Moving Average has transparency in the options, and by default, it is set to 50%.
3) The color scale was reordered.

23 May 2024

Sürüm Notları

(Massive Update: Trend Detection Indicator)

• (BULL-BEAR Labels & Trend Lines Redesigned)
  We have rethought the BULL-BEAR labels and the trend support lines to provide more accurate trend detection.
  
  
• (Introduction of Uptrend and Downtrend Signals)
  The previous BULL and BEAR signals have been replaced with Uptrend and Downtrend signals. These have been recalibrated, so they no longer appear at the same price points as before. Uptrend and Downtrend signals now indicate medium and long-term trend changes.
  
  
• (New BUY and SELL Signals)
  We've added BUY and SELL signals that only appear when they align with the Uptrend and Downtrend signals. This double confluence increases the accuracy of these signals. TIP: Always look for a good entry point after the labels appear.
  
  
• (Volume Alert Added)
  An alert will now appear on the labels if the volume was low when the signal was generated.
  
  
• (Trend Support and Resistance Lines Included)
  The trend support and resistance lines, previously in the "Key Levels" indicator, are now included in this indicator. These lines are dual-purpose: one set follows the Uptrend and Downtrend signals, and the other follows the Buy and Sell signals. When the price is testing these lines, they turn yellow, indicating an excellent moment to seek potential rebounds and rejections with a good risk-reward ratio. It's also an ideal moment to consider an entry if you waited after a BUY or SELL label appeared.
  
  
• (Colored Candles Feature Added)
  Candles are now painted blue if there's been a higher high and red if there's been a lower low. This feature is designed to be used in combination with the yellow trend lines. For example, if a support trend line turns yellow and the candles are blue, the chances of a rebound are significantly higher as the price previously printed a higher high before testing the support.
  
  As a complement, we've added the option to display labels showing the levels of HH, HL, LH, and LL, allowing you to visually evaluate the prices at which these levels appeared. It's recommended to enable these labels when assessing whether to enter a trade, as despite the color coding of candles, some scenarios require a double-check.
  
  
• (Divider Band Removed)
  The "Divider Band" indicator has been removed and will be added to the "Key Levels" indicator in an upcoming update.
  

9 Tem 2024

Sürüm Notları

Added new labels at the end of the "Trend Optimizer Lines"

- Long Term Support
- Short Term Support
- Long Term Resistance
- Short Term Resistance

9 Ağu 2024

Sürüm Notları

b]New Feature: 1D Trend Optimizer 1D Lines Available on Any Timeframe

We have added the option to view the 1D Trend Optimizer Lines on any timeframe.

For example, if you're analyzing a 4-hour chart, you can now see the trend lines from the 1D chart without switching timeframes.

This is a highly valuable tool for traders, as it helps validate optimal buying and selling moments without the need to constantly switch between charts.

To enable the indicator, go to Settings and check the option "Show 1D Trend Optimizer Lines."