Martin Trend Dealer?

Fibo Quantum

Comment on Martin Trend Dealer? by 19ForexPlayer.

Just focus on price action

19ForexPlayer Also Commented

Martin Trend Dealer?
If you want it I remade it roughly but its same idea. 3 moving averages. When they are the same direction it green, one MA not towing the line you get blue.

I consider it a visual scam in fact as they’re charging for it. Its just moving averages.

Its rubbish and a great example of the difference between what you see AFTER the fact is not what you actually trade. For every lovely green/red streak they cherry pick, there are 10 ‘false leads’ which eat up any gains.

I’ll post code tomorrow or is there some other way to share Tradingview indicator.?

study(title=”Trend Trading”, shorttitle=”Trend 35″, overlay=true)

MAlength = input(35, title=”Length of Moving Averages”)

petd = ema(close, MAlength)
petx = wma(close, MAlength)
pety = sma(close, MAlength)

iGreen=(close > petd) and (close > petx) and (close > pety)
iBlue = ((close > petd) or (close > petx) or (close > pety)) and not ((close > petd) and (close > petx) and (close > pety)) and not ((close < petd) and (close < petx) and (close < pety))
iRed = (close < petd) and (close < petx) and (close < pety)

up = (close > petd) and (close > petx) and (close > pety) ? green : (close > petd) or (close > petx) or (close > pety) ? blue : red
test = (petd + petx + pety) /3
//plot(out2 and smaplot ? out2 :na , title=”SMA”, color=mycolor2, linewidth=1)
plot(test, title=”Buy Sell”, color= white )

barcolor(up)

alertcondition(iRed,”Going Red”,”Going Red”)
alertcondition(iGreen,”Going Green “,”Going Green” )
alertcondition(iBlue,”Going Blue”,”Going Blue”)

conditioncrossover=crossover(test, close)
conditioncrossunder=crossunder(test, close)
alertcondition(conditioncrossover,”Crossing Up”,”Crossing Up”)
alertcondition(conditioncrossunder,”Crossing Down”,”Crossing Down”)

plot(petd, color= blue , title=”Blue Plot”)
plot(petx, color= yellow , title=”Yellow Plot”)
plot(pety, color= red , title=”Red Plot”)

petyMulti = pety + test- ((pety + test /100) * 12)
petyMulti2 = (open + close) / 2 // pety + test
//Decrease = Original Number – New Number
//% Decrease = Decrease ÷ Original Number × 100

//Increase = New Number – Original Number
//% increase = Increase ÷ Original Number × 100.

buy = (petx > petd) and (petd> pety)
sell = (pety > petd) and (petd> petx)
//v(petd> pety)

tbuy=test – pety
t2buy= (tbuy / test)*100

CurrentMA= sma(close, 50)
LastMA = CurrentMA[1]

Last5Avg= (CurrentMA[3]+CurrentMA[4]+CurrentMA[5]+CurrentMA[6]+CurrentMA[7]) /5

samIncrese=CurrentMA-LastMA
samPercIncrese=(samIncrese/CurrentMA )* 100

samDecrease=LastMA – CurrentMA
samPercDecrease=(samDecrease/LastMA )* 100

LastAvgDec= Last5Avg-CurrentMA
LastAvgPercDecrease=(LastAvgDec/Last5Avg )* 100

LastAvgInc= CurrentMA-Last5Avg
LastAvgPercIncrease=(CurrentMA/Last5Avg )* 100

//Simple Buysell
//plotshape(buy, title= “Buy”, location=location.belowbar, color=lime, style=shape.arrowup, text=””)
//plotshape(sell, title= “Sell”, location=location.abovebar, color=red, style=shape.arrowdown, text=””)

//SMA Buy Sell
///plotshape(samPercIncrese>.005 and true, title= “Buy”, location=location.belowbar, color=lime, style=shape.arrowup, text=””)
//plotshape(samPercDecrease>.005 and true , title= “Sell”, location=location.abovebar, color=red, style=shape.arrowdown, text=””)
//Ttest

plotshape(samPercIncrese>.006 and buy, title= “Buy Arrow”, location=location.belowbar, color=lime, style=shape.arrowup, text=””)
plotshape(samPercDecrease>.006 and sell , title= “Sell Arrow”, location=location.abovebar, color=red, style=shape.arrowdown, text=””)

//plotshape(t2 < .3, title= “Sell”, location=location.abovebar, color=red, style=shape.arrowdown, text=””)

//plotshape(ReversalShort, title= “ReversalShort”, location=location.abovebar, color=red, style=shape.arrowdown, text=”SELL”)

//plot(petyMulti2, color= green , title=”Gary Trader Strategy petyMulti”)

timeinrange(res, sess) => time(res, sess) != 0

showTimes = input(false, title=”Show Closing”)

c= iff(showTimes, gray, black)
bgcolor(timeinrange(period, “1530-1900”) ? c : na, transp=70)


Martin Trend Dealer?
I like the idea of this indicator.

According to their website, you get a 7 day free trial. How about you backtest it and see what you think?

As far as purchasing it goes, I don’t see what this gives you that a colored Moving Average slope doesn’t.


Martin Trend Dealer?
The issue with anything like this is what happens when the creator dies, retires or just plain stops bothering to update his indicator?

Being reliant on one guy instead of yourself is very dangerous.


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