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“Trend Confirmation (Short/Long)”
“1 Minute Scalping Indicator”
“Tradingview Supporting Indicator”
The Trendlooper indicator provides a comprehensive method, of analyzing market trends by combining elements from the Ichimoku Cloud. Traders can make more informed decisions by understanding each script component and how they interact. Whether you are a novice or an experienced trader, this custom indicator can be a valuable addition to your toolkit.
Step-by-Step Guide
Customize Input Parameters
tenkan_len
: The period length for Tenkan-Sen.tenkan_mult
: The multiplier for ATR calculation in Tenkan-Sen.kijun_len
: The period length for Kijun-Sen.kijun_mult
: The multiplier for ATR calculation in Kijun-Sen.spanB_len
: The period length for Senkou Span B.spanB_mult
: The multiplier for ATR calculation in Senkou Span B.offset
: The forward displacement for Senkou Span A and B.Interpreting the Indicator
Tenkan-Sen and Kijun-Sen
Senkou Span A and B (Cloud)
Chikou Span (Lagging Line)
Applying the Indicator in Trading
Example Trade Setup
Identify Trend:
Look for Crossovers:
Confirm with Colored Cloud:
Enter Trade:
Manage Trade:
By following these steps and understanding how each component of the Trendlooper indicator works, you can enhance your trading strategy and make more informed decisions. Happy trading!
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