Xtreme Trend Indicator

Featured
4.410
Xtreme Trend indicator
About this Script

The Xtreme Trend Indicator is a powerful tool used by traders to identify trends and potential reversal points in financial markets. It employs a combination of mathematical algorithms and statistical analysis to generate signals that help traders make informed decisions.

At its core, the Xtreme Trend Indicator focuses on detecting significant shifts in market momentum. It identifies periods of strong buying or selling pressure, allowing traders to ride the trend or anticipate a potential reversal. This makes it particularly valuable for both trend-following and counter-trend trading strategies.

One of the key features of the Xtreme Trend Indicator is its adaptability to different timeframes and asset classes. Whether you’re trading stocks, forex, commodities, or cryptocurrencies, this indicator can be customized to suit your specific trading preferences. It can be applied to intraday charts for short-term trading opportunities or used on longer timeframes for a more comprehensive view of the market trend.

The indicator typically appears as a line or series of lines overlaid on price charts. When the indicator line crosses above the price, it may signal a bullish trend, indicating a potential buying opportunity. Conversely, when the indicator line crosses below the price, it could suggest a bearish trend, signaling a possible selling opportunity.

Traders often use additional tools and techniques in conjunction with the Xtreme Trend Indicator to confirm signals and filter out false positives. This might include other technical indicators, such as moving averages, oscillators, or volume analysis.

As with any trading tool, it’s essential for traders to exercise caution and not rely solely on the Xtreme Trend Indicator for making trading decisions. While it can provide valuable insights into market dynamics, no indicator is foolproof, and market conditions can change rapidly. It’s crucial for traders to combine the insights provided by the indicator with their own analysis and risk management strategies.

Xtreme Trend Indicator is a versatile tool that can help traders navigate the complexities of financial markets by identifying trends and potential reversal points. When used judiciously as part of a comprehensive trading strategy, it can enhance decision-making and improve the likelihood of trading success.

Features
Accuracy
Alert
Buy-Sell Signals
Repainting
Non Repainting
Backtesting
Autotrading
Free to Use
Open Code
Premium Script
How to Use

This indicator is available for use for free in the Tradingview Repository. You can simply visit the Tradingview link below and add the indicator to your favorite indicator and then add to any chart. However, you cannot view or edit the script code. If you wish to get the code, you can buy it from here.

Reviews
4.410
5 stars
70%
4 stars
30%
3 stars
0%
2 stars
0%
1 star
0%
Compatibility
5.00
Accuracy
3.90
Profitability
3.70
Bug Free
5.00
Showing 1 - 10 of 10
One of the best Trend Indicators
4.5
·
I have used Xtreme Trend Indicator for quite a time now and I am really impressed with the performance. This Indicator is free to use and you can buy it only if you want the codes. Though It doesn't repaint, one has to wait till the candle close. I use mainly on 5 mins chart and happy about it.
1   2 votes
Good Indicator, but you have to calculate Risk reward for better accuracy.
4.0
·
Overall this indicator gives you a confidence in a trending market. But results will be bad in a sideways market. A good R:R ratio to be kept in mind!
1 vote
Best
4.8
·
I have purchased & received this awesome code. Really it requires a lot of inputs, knowledge & efforts to make such a script. Thanks a lot
Clean code with alerts
4.8
·
The script works wonders for me. I scalp one minute chart and it is really fast in giving signals and reversals. Thank you.
ALL IN ONE (ENOUGH) INDICATOR
4.5
·
24/04/24 I have used this indicator for 2 days & I have got maximum accuracy with (EMA200) CrossOver strategy. This is incredible & Such high skill science
Works better in combination of EMA
4.0
·
I have tried this code both without and with 200 EMA. Works better with EMA. Remember sidewise markets are enemies of this indicator and may give loss.
Not so good for high VIX
3.8
·
When market wildly oscillates both sides, this indicator can't give you profit. You have to wait to capture some good move.
I'm Loving it
4.5
·
It's been three weeks now since I have used this. Works good for me. Thanks for giving the code at such a value!
Thanks For this one
4.5
·
This works great to me and really like it
Decent Indicator
4.8
·
Thanks, I like the way it works in the current market trend!!