Tradingview Indicator
Custom TradingView indicator for CoinRotator.app
CoinRotator TradingView Indicator
The CoinRotator Indicator is a trading tool designed to aid in trade management and trend visualization, rather than serving as a standalone trading system. It uses bands to indicate support and resistance levels, with the midline acting as an additional support/resistance level or target.
The indicator employs color-coded triangles to signal trading actions:
Green Up Triangle (▲): Long entry
Red Down Triangle (▼): Short entry
Orange Down Triangle (🔻): Exit point
Orange Up Triangle (🔺): Exit point
These signals should be seen as mean reversion opportunities rather than definitive trade signals.
To effectively use the CoinRotator Indicator:
Confirm the trend status on Coinrotator.app and review the daily chart.
Scale down to a faster timeframe and look for a pullback to enter a trade.
Once profitable, look for an orange triangle to consider exiting.
Use the middle band as a balance point for trend trades.
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