Pinescript Trading Indicators by Kenzing Australia

Tradingview Freelancer Grant Peace

Pine Script Trading Indicators for Tradingview

Technical Indicator Pool

$99.99 USD

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Introduction

Thank you for purchasing an indicator or bundle from Kenzing®. This brief introduction contains instructions on how the indicator functions. Information on how to access the indicator after purchase is not included in this document and can be found in the Read Me FAQ document.

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Understanding the Technical Indicator Pool

The Technical Indicator Pool is a strategy that operates on the premise that when many technical indicators project the same sentiment, they are concurrently more precise. The technical indicator pool contains five indicators

1. Small MACD Moving Average (SFMA) (10,15)
2. Large MACD Moving Average (LFMA) (13,18)
3. Parabolic Stop and Reverse (PSAR) (0.05, 0.05, 0.05)
4. Relative Strength Index (RSI) (14, 70, 30)
5. H/L Pivot (13)

When all five indicators project the same sentiment within a defined period (known as BarPeriod), an order is placed in the direction of sentiment.

Note: Due to the nature of the indicator pool, such as the moving averages within the MACD and RSI, false positive may occur before the bar has closed within the time stamp.
This point of reference is to be used in combination with an arsenal of trading tools and should not be used as direct investment advice.

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Indicator Utility

This indicator has been optimized for use on the 5 to 15-minute timestamp. Due to the frequency of trades, the indicator should be used with brokerages that provide margin trading, leverage, and contracts for difference (CFD). This indicator should be used in combination with a binary trading strategy.

This indicator is a technical indicator and can be applied to any openly traded security.
The strategy plots recommend whether a short or long position should be taken, and when to close the position. The number of units displayed underneath the order should be ignored as it is irreflective of the contract value and does not match the user’s unique strategy.

Indications to purchase and sell short contracts.

Indications to purchase and sell long contracts.

In the instance that a plot might disappear, the decision should be made to either close or hold the position open. Trading positions should be taken under a diversified trading strategy that includes professional capital risk management. Automated trading strategies developed using the TradingvView platform are not recommended due to the level of reliability that web browser applications present. All trades should be taken and monitored manually.

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