RoyalPrince Bands & TrendAlgo

RoyalBands and RoyalTrendAlgo stand out as indispensable tools for traders of all levels. RoyalBands offers a user-friendly interface with customizable parameters, colored bars for trend indication, and various Technical Moving Averages for precise trend analysis. Its non-repainting feature ensures reliable calculations, making it ideal for beginners with its simple settings yet providing advanced options for seasoned traders. On the other hand, RoyalTrendAlgo employs advanced wavelet transform analysis and fractal identification methods to pinpoint local price extremes, enhancing entry and exit decisions. With additional trading rules based on RSI and EMA crossings, adjustable parameters, and personalized strategies, it caters seamlessly to both novice traders seeking trend insights and experienced traders looking for advanced trend analysis tools. Whether you are new to trading or an experienced investor, RoyalBands and RoyalTrendAlgo offer comprehensive features that can elevate your trading decisions with precision and ease.


RoyalBands Indicator

• Input Parameters:
  • Time Frame Selection
  • Multiplier for Alternative Signals
  • Signal Type Options (Technical Moving Averages like TEMA, HullMA, etc.)
  • Offset Values for Longer Term MAs (e.g., TEMA, HullMA) and Short-Term MAs (e.g., ALMA)
  • Color Option for Displaying Colored Bars Based on Trend
  • Delay Offset for Open/Close MAs (Non-Repaint Feature)
  • Trade Types (Long, Short, Both, None)
• Main Features:
  • Uses various Technical Moving Averages types (like TEMA, HullMA, etc.).
  • Provides two bands based on long term and short term moving averages.
  • Includes colorful bars indicating trend direction.
  • Allows users to choose alternative signals using multipliers.
  • Supports delayed open/close calculations for non-repainting purposes.
    
    

RoyalTrendAlgo Indicator

• Input Parameters:
  • Time Frame Selection
  • Lookback Window Size for Wavelet Transform
  • Average Length for Wavelet Transform
  • Top and Bottom Limits for Identifying Price Extremes
  • Fractional Pricing Threshold for Detecting Local Highs and Lows
  • Detection Methods for Bull and Bear Signals
  • Additional Trading Rules Using Relative Strength Index (RSI) and Exponential Moving Averages (EMA)
• Main Features:
  • Applies wavelet transform analysis to identify trends.
  • Utilizes fractal identification methods to detect local price extremes.
  • Employs additional trading rules such as RSI and EMA crossings.
  • Can help identify potential entry and exit points.